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.
| 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.
| 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 |
