98年第1學期-1309 公司理財(一) 課程資訊
|Midterm Exam (M)||30|
|Final Exam (F)||30|
|Assignments (including quizzes) (A)||40||Final Grade = 0.4A + 0.6max(F, 0.5F+0.5M)|
Corporate finance is a course across two semesters. This is the first part of this course. The objective of this course is to provide a rigorous training to the fundamental principles of asset valuation and corporate financing in competitive financial markets. The course is designed to provide the student with the tools and knowledge that are necessary to analyze the financial issues presented in real world. The course is organized around the three main ideas in Finance:
(A) The time value of money;
(B) Diversification and risk;
(C) Arbitrage and hedging.
Students completing this course are expected to be fully conversant with the time value of money and will be able to value income streams of all forms. The time value of money is a basic determinant in the valuation of assets such as bonds, stocks, futures, and options. The classes on diversification and risk provide a thorough grounding in the trade offbetween risk and return given by modern portfolio theory. In discussing arbitrage and hedging, we demonstrate how to hedge market risk, interest rate risk, and foreign exchange risk. This involves using futures and options. The uses and valuation of futures and options by arbitrage are considered in some detail.
Office HourOffice: M313, Management College; Office Hours: Thursdays, 13:00~15:00 (p.m.)
1. Ross, S., R., Westerfield, J., Jaffe, and B., Jordan, 2008, Modern Financial Magagement, 8th Edition, McGraw-Hill;
2. Berk, J., and P., DeMarzo, 2009, Corporate Finance: the Core, Pearson.