FINA737 - Corporate Finance

Description:
Financial decisions made at the higher levels of a business organization can have far-reaching effects. Intended to achieve firm operating goals and create shareholder value, they must be made judiciously, with a thorough understanding of all the factors involved. In this course, you will learn to apply the analytical techniques required for developing effective and workable financial solutions at the executive level. You will gain an overall understanding of the workings of the U.S. financial system. In addition, you will study the concepts of financial risk, return, and the valuation of bonds, common and preferred stock, cost of capital, capital budgeting, capital structure, and the evaluation of investment opportunities.

Outcomes:

• Apply time-value-of-money techniques to the valuation of bonds and common and preferred stock
• Estimate the relevant cash flows and the appropriate discount rates in making capital budgeting decisions
• Examine the factors that drive a company's need for external financing and for determining the optimal mix of debt and equity financing
• Analyze the relationship between risk and return in the evaluation of investment opportunities

Required Text(s):

Ross, S. A., Westerfield, R. W., Jaffe, J. F., & Jordan, B. D. (2021). Corporate finance: Core principles & applications with Connect (6th ed.). McGraw-Hill. ISBN: 9781264094073