Objectifs

This course builds a foundation for fundamental concepts in investments, corporate finance, and financial markets. The covered segments are:

• Capital budgeting
  How should a manager decide whether to undertake a project?
• Investment decisions
  How should an investor choose an investment portfolio?
• Valuation
  How to value stocks (or divisions or projects)?
• Financing decisions
  How should a CFO decide on financing projects in a company?

Contenus

• Time value of money
• Capital budgeting
• Interest rates/Bonds
• Stocks vs. bonds
• Mean-variance optimization
• CAPM and APT
• Market efficiency/Anomalies
• Valuation
• Capital structure
• Derivatives/Futures

Références

Class materials (copies of slides, excel spreadsheets, and other relevant readings) will be posted on the Moodle2 website. I encourage you to check this website regularly. The following textbooks are not required but helpful:

• Jonathan Berk, and Peter DeMarzo, Corporate Finance, Pearson.
• Ivo Welch, Corporate Finance, Pearson.
• Zvi Bodie, Alex Kane, and Alan Marcus, Investments, McGraw-Hill.

Pré-requis

None

Evaluation

1ère tentative

Examen:

Ecrit 2h30 heures

Documentation:

Non autorisée

Calculatrice:

Autorisée

Evaluation:

Written exam.

Rattrapage

Examen:

Ecrit 2h30 heures

Documentation:

Non autorisée

Calculatrice:

Autorisée

Evaluation:

Same as final.