Part I: Financing
Objective
The aim of this part of the course is to develop a framework to think about how firms finance their activities. We will go back and forth between developing theories and confronting them to specific practical cases.
Exams.
| LEC # |
TOPICS |
| 1 |
Lecture: Introduction |
| 2 |
Case: Wilson Lumber 1 |
| 3 |
Case: Wilson Lumber 2 |
| 4 |
Lecture: Capital Structure 1 |
| 5 |
Lecture: Capital Structure 2 |
| 6 |
Case: Debt Policy at UST Inc. |
| 7 |
Case: Massey Ferguson, 1980 |
| 8 |
Lecture: Capital Structure: Informational and Dynamic Considerations |
| 9 |
Case: MCI Communications Corp., 1983 |
| 10 |
Review of Financing and Capital Structure |
| 11 |
Case: Intel Corporation, 1992 |
|
Midterm Exam |
Part II: Valuation
Objective
The aim is to study and develop tools to evaluate real investment opportunities, such as building a new plant or acquiring another company. Again, we develop a framework of analysis and confront it to several practical cases.
Exams.
| LEC # |
TOPICS |
| 12 |
Lecture: Valuation of Free Cash Flows |
| 13 |
Case: Cost of Capital at Ameritrade |
| 14 |
Lecture: WACC and APV 1 |
| 15 |
Lecture: WACC and APV 2 |
| 16 |
Case: Dixon Corporation 1 |
| 17 |
Case: Dixon Corporation 2 |
| 18 |
Case: Diamond Chemicals (A) |
| 19 |
Lecture: Real Options |
| 20 |
Case: MW Petroleum Corporation (A) |
| 21 |
Lecture: Valuing a Company |
| 22 |
Case: Cooper Industries, Inc. |
| 23 |
Case: The Southland Corporation (A) |
| 24 |
Wrap-Up of Valuation |
|
Final Exam |
