ADVANCED FINANCIAL MANAGEMENT FALL, 2008先进的财务管理,2008年.pdfVIP

ADVANCED FINANCIAL MANAGEMENT FALL, 2008 David Haushalter 343 Business Building Tel: 863-7969 E-mail: gdh12@psu.edu Office hours: 10-11:30, 2-3:30 R COURSE OBJECTIVES This course focuses on valuation. We will examine the valuation of projects, companies, and corporate securities. Along the way, we will discuss capital budgeting, real options, Monte Carlo simulation, financial statement analysis, financial forecasting, estimating the cost of capital, initial public offerings, mergers and acquisitions, and much more. REQUIRED READING Course packet of readings and cases that is available at the book store. You need to have access to the packet to do the case assignments. OTHER READINGS Principles of Corporate Finance, th Richard Brealey, Stewart Myers, and Franklin Allen, 8 ed. Irwin McGraw-Hill, Inc. (On Reserve) Financial Modeling, Simon Benninga, 2nd Edition, MIT Press. (On Reserve) Investment valuation: tools and techniques for determining the value of any asset, Aswath Damodaran, 2nd ed. Wiley and Sons. (On Reserve) The Wall Street Journal (Strongly Recommended) PREREQUISITES You are expected to be comfortable with: (1) Time value of money calculations (e.g., present value, annuities) (2) Probability and basic statistics (e.g., expected value, distributions, correlation, standard deviation) (3) Excel If not, you should review these. EVALUATION Your course grade will be computed as: Cases and Problem Sets 25% Class Discussion 10% Exams (2) 65% Your exam grade will be weighted as either 50% midterm and 50% final or