NBA 5405 - Advanced Corporate Finance - Part II

Fall. 1.5 credits.

H. Bierman.

This course is relevant for banking, investment banking, security analysis, and the treasury activities of an operating corporation. Students can take NBA 5405 without taking NBA 5400 or after NBA 5400, the topics are different in the two courses. Class sessions are lecture-discussion and there may be a few visiting lecturers. We will investigate corporate financial policy decisions from a normative-quantitative point of view and develop some skill in formulating financial models, and in evaluating financial models. Topics include debt securities (duration, convexity, inverse floaters, bond refunding, term structure), and convertible debt. Other topics are buy versus lease, swaps, economic income and valuation. The mathematics used is basic algebra. We want to develop an approach to the analysis of financing decisions of corporations. The time spent on each topic will depend on how long each topic takes.