FIN 325 Corporate Finance (Spring 2015)

Course level: undergrduate

Professor: Michael Gofman

Course description:

During the course students climb the corporate finance knowledge ladder that has five steps: (1) definitions/language of corporate finance (2) institutional details (3) theory (4) knowledge and intuition for financial frictions (5) value creation with financial decisions. In the first part of the class we develop tools to evaluate companies and investment projects. The second part of the class focuses on developing knowledge and intuition for financial frictions and how managers can use these frictions to make financial decisions that increase value of their firms.

Discussion section handouts

 ClassTopics PDF 
 1Growing perpetuity; NPV Class1.pdf 
 2 Modigliani-Miller; return on assetsClass2.pdf 
 3 Midterm reviewClass3.pdf 
 4 Wealth transfers; debt overhang; information asymmetryClass4.pdf 
 5 Final reviewClass5.pdf