Part I: Financing Objective
The aim of this part of the course is to develop a framework to think about how firms finance their activities. We will go back and forth between developing theories and confronting them to specific practical cases.
| 1 | Lecture: Introduction | | 2 | Case: Wilson Lumber 1 | | 3 | Case: Wilson Lumber 2 | | 4 | Lecture: Capital Structure 1 | | 5 | Lecture: Capital Structure 2 | | 6 | Case: Debt Policy at UST Inc. | | 7 | Case: Massey Ferguson, 1980 | | 8 | Lecture: Capital Structure: Informational and Dynamic Considerations | | 9 | Case: MCI Communications Corp., 1983 | | 10 | Review of Financing and Capital Structure | | 11 | Case: Intel Corporation, 1992 | | Midterm Exam |
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Part II: Valuation
Objective
The aim is to study and develop tools to evaluate real investment opportunities, such as building a new plant or acquiring another company. Again, we develop a framework of analysis and confront it to several practical cases.
| 12 | Lecture: Valuation of Free Cash Flows | | 13 | Case: Cost of Capital at Ameritrade | | 14 | Lecture: WACC and APV 1 | | 15 | Lecture: WACC and APV 2 | | 16 | Case: Dixon Corporation 1 | | 17 | Case: Dixon Corporation 2 | | 18 | Case: Diamond Chemicals (A) | | 19 | Lecture: Real Options | | 20 | Case: MW Petroleum Corporation (A) | | 21 | Lecture: Valuing a Company | | 22 | Case: Cooper Industries, Inc. | | 23 | Case: The Southland Corporation (A) | | 24 | Wrap-Up of Valuation | | Final Exam |
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