Beedie School of Business
Bus 413: Corporate Finance Summer 2014
Professor: Alexander Vedrashko Instructor Info Office Hours Class Time: Enrollment: Textbook:
Office: WMC 3311 E-mail:
[email protected]. Phone: 778-782-3471
...
Beedie School of Business
Bus 413: Corporate Finance Summer 2014
Professor: Alexander Vedrashko Instructor Info Office Hours Class Time: Enrollment: Textbook:
Office: WMC 3311 E-mail:
[email protected]. Phone: 778-782-3471
Tuesday 16:30-17:30 and by appointment. Tuesday, Thursday 14:30-16:20, WMC2202
Please discuss prerequisite and enrollment issues first with an advisor at the Undergraduate Office.
Brealey, Myers, Allen, “Principles of Corporate Finance,” 10th ed. Other editions are OK, but it is up to you to find the assigned pages and sections.
The course website (lecture notes, etc.) is: http://www.sfu.ca/~awv/413/bus413.htm
Course Objectives and Scope The purpose of this course is to continue the study of corporate financial management and valuation using the material on capital markets in Bus 315 and derivatives in Bus 316.
The course is partitioned into five major topics: (1) risk in capital budgeting, (2) market efficiency and corporate financing, (3) payout policy and financial structure, (4) valuation, (5) various topics.
APPROXIMATE SCHEDULE OF COURSE TOPICS Concept
Risk in Capital Budgeting (Approx. 3 weeks)
Market Efficiency and Corporate Financing (Approx. 2 weeks)
Payout Policy and Capital Structure (Approx. 4 weeks)
Valuation (Approx. 3 weeks)
Various Topics (Approx. 1 week)
Introduction, NPV rule Risk and Return
Risk and Cost of Capital
Sensitivity Analysis, Decision Trees and Real Options
Efficient Markets Corporate Financing
How Corporations Issue Securities Payout Policy
Does Debt Policy Matter?
Textbook Chapters 1, 2, 4.2-4.5, 5.1-5.3 7, 8.1-8.3 9
10.2-10.4 13
14, 24.1-24.5 15
16 17
Financing Choices, Taxes, Bankruptcy 18 Financing and Valuation
19
Valuation including Real Options Mergers and Acquisitions
22 31, 32 (overview
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