Fall 2011

FIN 3520

Security Valuation

1. About the Course (Description, Syllabus, Schedule, etc.) SUBJECT TO CHANGE — updated on August 30, 2011 at 5:35 pm

2. Text Websites:

   • Brealey/Myers/Marcus:  Fundamentals of Corporate Finance, 6th Edition, 2009

   • Bodie/Kane/Marcus:  Investments, 9th Edition, 2011

   • Ross/Westerfield/Jaffe:  Corporate Finance, 9th Edition, 2010

3. Powerpoints

4. Solutions Manual — These are zipped files and you will need passwords that I will provide in class:

   • Brealey/Myers/Marcus:  Solutions to Fundamentals of Corporate Finance, 6th Edition, 2009

   • Bodie/Kane/Marcus:  Solutions to Investments, 9th Edition, 2011

   • Ross/Westerfield/Jaffe:  Solutions to Corporate Finance, 9th Edition, 2010

5. Duration Spreadsheet Example

6. Suggested Questions from the End of the Chapters

7. Sample Questions

   •  Sample stock and bond questions and Answers

   •  Some bond questions and Answers

8. Instructions for Group Valuation Assignment

9. Cost of Capital Readings:

   • COST OF CAPITAL — an example that I created to show how to value NON-SCALE ENHANCING PROJECTS (like a bank buying a pizza company)

   • Levering and Unlevering Betas — Explanation and proof of formulas

    

Other:

•  See my comments on FOX 25 on Monday, January 21, 2008 about the economy — video clip

• What is going on?  See News Hour with Jim Leher (Tuesday, January 22, 2008)

• What about Diversification?  See News Hour with Jim Leher and Burton Malkiel  (Tuesday, Jan. 22, 2008)

• SmartMoney mentions my research about dividends (Tuesday, Sept. 13, 2011) in SmartMoney.  See here.