Lecture Notes

WEEK # SES # TOPICS
Part 1 - Introduction
1 1 Introduction (PDF)
  2 Principles of Valuation (PDF)
Part 2 - Project and Firm Valuation
  3 Evaluating Projects (1) (PDF)
2 4 Case: Acid Rain: The Southern Co.
  5 Evaluating Projects (2) (PDF)
  6 Firm Valuation (1) (PDF)
3 7 Firm Valuation (2) (PDF)
  8 Case: Cooper Industries, Inc.
Part 3 - Risk and Return
4 9 Introduction to Risk and Return (PDF)
  10 Portfolio Theory (PDF)
  11 CAPM (PDF)
  12 Discount Rates in Practice (PDF)
  13 Case: Cost of Capital at Ameritrade
Part 4 - Financing Policy
  14 Raising Capital (PDF)
  15 Capital Structure (1) (PDF)
  16 Capital Structure (2) (PDF)
5 17 Two Cases: Debt Policy at UST, Inc. and Massey-Ferguson Ltd. - 1980
  18 Market Efficiency (PDF)
  19 Options (1) (PDF)
  20 Options (2) (PDF)

Final Exam