|
Professor Ahmad Etebari |
Readings, info, etc.
Trivia
Back in 1933, the largest hog ever
- 2,552 pounds and 9 feet long - was raised. In a possibly unrelated development
a few hundred years earlier, the name Wall Street was derived from the
barriers on lower Mnhattan's northern edge by colonial grain farmers trying
to keep out free-roaming swine. Source: Natioal Parts Producers Council
| Where does the name Wall
Street come from? Back in 1933, the largest hog ever - 2,552
pounds and 9 feet long - was raised. In a possibly unrelated development
a few hundred years earlier, the name Wall Street was derived from the
barriers on lower Mnhattan's northern edge by colonial grain farmers trying
to keep out free-roaming swine. Source: Natioal Parts Producers Council
|
Term: Fall 2001
Time & Room: Friday and
Saturday at the New England Center
Course Instructor:
Professor Ahmad Etebari, Ph.D.
Office: McConnell 426
W-(: 862-3359; H-(:
868-1447
E-,: ahmad.etebari@unh.edu
Course Page: http://pubpages.unh.edu/~aetebari/adm930.htm
Department Page: http://www.unh.edu/acfi
Primary Textbook:
1. Brealey and Myers, Principles of Corporate Finance, 6th edition,
McGraw-Hill.
2. Burton Malkiel, A Random Walk Down Wall Street, Norton Publishing.
Recommended Reading:
1. The Study Guide to the Text.
2. Newspapers: The WSJ, NY Times, or Financial Times.
3. Periodicals : Forbes, Business Week, Fortune.
4. Journals: Journal of Applied Corporate Finance, Financial
Management, Journal of Finance, Journal of Financial Economics, and Financial
Analysts Journal.
Methodology:
The class will be a combined lecture and tutorial. A fairly substantial number of “Q”uiz questions (solutions to quizzes are given at the end of the text) and “P”ractice questions are assigned for each class session. You are expected to study the reading assignments prior to each class and try to work out the related quiz questions beforehand. Solutions to Practice questions indicated by an asterisk, as well as additional problems to be assigned later, will be collected at the start of each class. A few of the assignments require the use of resources on the web. Lectures will be given regularly.
Assessment: Two exams will be given. Each exam will cover the materials discussed since the previous exam. Both exams must be taken in class on the designated dates and times. These exams will have a total weight of 80% (X% mid-term, with "X" to TBA later), and the remaining 20% of your grade will come from your class contributions and other assignments. Regular attendance/participation is required to receive credit.
Other: You are expected to look over The Wall Street Journal, the business section of The New York Times, or The Financial Times regularly, and discuss relevant financial news items in class. We will try to spend the first few minutes of each class discussing your questions as well as articles or news items with implications for corporate finance.
(BM=Brealey and Myers)
Reading
Q(uiz) and
Date
Topic
Assignment
P(roblem) Assignment*
Residency Week, 9/ 6-7
An Overview of Finance
BM Ch 1
The NPV Concept
BM Ch 2
Q 2,8,9
(Skim pp 21-24)
Present Value Calculations
BM Ch 3
Q As needed
P 4*, 8*, 12* , 14*, 11
--------------
9/21-22
Malkiel’s Random Walk, Part 1 (This week we will hold an extra
session on Fri. evening.)
Valuation of Stocks and Bonds
BM Ch 4
Q 1,3,5,7,9,11
P 1*, 5*, 7*, 10
Capital Budgeting Methods
BM Ch 5
Q 5,6,7,8
P 7*, 13*
Estimation of Project Cash Flows
BM Ch 6
Q 1-5; P: TBA
(Skim Section 6-3)
--------------
10/ 5-6 Malkiel’s
Random Walk, Part 3
Risk and Return
BM Ch 7
Q 5-11
P 17*
Risk and Return
BM Ch 8
Q 1,4,6,7
(Skip Sect. 8-4) P 3*, 6*, 7*, 8*
--------------
10/19-20 Mid-Semester
Exam
Capital Budgeting and Risk
BM Ch 9
Q 1,5,7,8
P 7,8*
---------------
11/ 2-3 Malkiel’s
Random Walk, Part 2
Efficient Markets Theory
BM Ch 13
Q 1,3,5,7,9
P 1,3*(parts a,b,e,f,g), 11*
Corporate Financing
BM Chs 14,15
---------------
11/15-17
NYC-Wall-Street Residency **
TBA
----------------
111/30-12/ 1
Debt Policy with No Taxes
BM Ch 17
Q 1,3,6
P 2, 3*,5*, 6* (part a)
Debt Policy with Taxes
BM Ch 18
Q 4,8-13
(Skim section 18.2)
----------------
12/14-15 FINAL
EXAMINATION
Hedging Financial Risk
BM Ch 25
P P 1-3,5*, 6*, 9*
Leasing
BM Ch 26
P 10*, 11*
----------------
'*' indicates problems to be solved and turned in!
. Solution to quiz questions, indicated by "Q" is given at the end
of the textbook.
----------------------------------------------------------------------------------
Term: Spring 2000
Time & Room:
R, 5:30-9:00 p.m., McConnell 306
Course Instructor:
Professor Ahmad Etebari, Ph.D.
Office: McConnell 426
W-(: 862-3359; H-(:
868-1447
E-,: ahmad.etebari@unh.edu
Primary Textbook:
1. Brealey and Myers, Principles of Corporate Finance, 5th edition,
McGraw-Hill.
2. Burton Malkiel, A Random Walk Down Wall Street,
Norton Publishing.
Recommended Reading:
1. The Study Guide to the Text.
2. Newspapers: The WSJ, NY Times, or Financial Times.
3. Periodicals : Forbes, Business Week, Fortune.
4. Journals: Journal of Applied Corporate Finance, Financial
Management, Journal of Finance, Journal of Financial Economics, and Financial
Analysts Journal.
Methodology:
The class will be a combined lecture and tutorial. A fairly substantial number of “Q”uiz questions (solutions to quizzes are given at the end of the text) and “P”roblems are assigned for each class session. You are expected to study the reading assignments prior to each class and try to work out the related quiz questions beforehand. Solutions to problems indicated by an asterisk as well as additional problems, to be assigned later, will be collected at the start of each class. Lectures will be given regularly.
Assessment: Two exams will be given. Each exam will cover the materials discussed since the previous exam. Both exams must be taken in class on the designated dates and times. These exams will have a total weight of 80% (50% the higher score) and the remaining 20% of your grade will come from your class contributions and other assignments. Regular attendance/participation is required to receive credit.
Other: You are expected to look over The
Wall Street Journal, the business section of The New York Times,
or The Financial Times regularly, and discuss relevant financial
news items in class. We will try to spend the first few minutes
of each class discussing your questions as well as articles or news items
with implications for corporate finance.
4/ 9 An Overview
of Finance
BM Ch 1
The NPV Concept
BM Ch 2
P 12,16,19
(Skip pp 17-23)
4/10 Present Value Calculations
BM Ch 3
Q 6-12
P 3,4*,6*,8,9*,12*,18*
Valuation of Bonds and Stocks
BM Ch 4
Q 1-5
P 4,5,7*,10
4/15 Malkiel’s Random
Walk, Part 1
Valuation of Stocks and Bonds
BM Ch 4
Q 1-5
4/22 Evaluation of Capital
Budgeting
BM Ch 5
Q 1,6,7,8
P 3*,7*,12
Estimation of Project Cash Flows
BM Ch 6 Q 1,7,8
(Skim Section 6-3)
4/29 Malkiel’s
Random Walk, Part 3
Estimation of Project Cash Flows
BM Ch 6
P 15*
(Skim Section 6-3)
Risk and Return BM Ch 7 Q 1 to 9
5/ 6 Risk
and Return
BM Ch 7
Q 1 to 9
P 3,4,5,21
Continued
BM Ch 8
Q 1 to 7
(Skip Sect. 8-4) P 1,2,6*,8*
5/13 Mid-semester
Exam
Capital Budgeting and Risk
BM Ch 9
Q 1,5,7
P 7,8*
5/20 Malkiel’s
Random Walk, Part 2
Efficient Markets Theory
BM Ch 13
Q 1 to 7
P 1,3*,17*
5/27 Corporate
Financing
BM Chs 14,15
Dividend Policy
BM Ch 16
Q 1 to 7
P Case-TBA
6/ 3 Debt Policy
with No Taxes
BM Ch 17
Q 1,3,7
P 2*,5*,6,9
Debt Instruments
BM Ch 24
Debt Policy with Taxes
BM Ch 18
Q 4,8-13
(Skim pp. 480-484)
6/10 Hedging Financial
Risk
BM Ch 25
P 1,7,8*,13*
OR: Leasing BM Ch 26 P 10*, 11*,13
6/17 FINAL EXAMINATION
'*' indicates problems to be solved and turned in!
. Solution to quiz questions, indicated by "Q" is given at the end
of the textbook.