| source Penn (X) |
level |
department Finance (X) |
C) Prerequisite(s): ECON 10 [or ECON 001, ECON 002], MATH 104, ACCT 101 and STAT
Score: 10.374925 Details | Listing | Web page
C) Prerequisite(s): FNCE 100, FNCE 101, and STAT 101-102 (Financia l accounting, ACCT 201, recommended) . The focus of this course is on the valuation of companies. Topics discussed include discounted cash flow technique s and valuation using alternative valuation techniques such as price multiples. Emphasis is on developing the require d information for valuation from financial statements and other information sources .
Score: 10.374925 Details | Listing | Web page
C) Prerequisite(s): FNCE 100, FNCE 101, STAT
Score: 10.374925 Details | Listing | Web page
C) Prerequisite(s): FNCE 100, FNCE
Score: 10.374925 Details | Listing | Web page
Why do bonds have embedded options? What is the role of preferred stock?); (2) the issuing process for these securities (What do investment banks do? Is the underwriting process important for the cost of capital?); (3) the pricing of these securities (How are credit risk in bonds and loans priced?) The securities covered include corporate and junk bonds, bank loans, common and preferred equity, commercial paper, securitization, as well as some recent innovations. Other topics include: the role of embedded options in corporate bonds; the role of bank and loan covenants; the function of bond rating agencies; exchange offers; prepackaged bankruptcies; bankruptcy in Chapter 11; workouts; debtor-in-possession financing; and pricing credit risk. The course is desgined to be complementary to Advanced Corporate Finance and Fixed Income Securities.
Score: 10.374925 Details | Listing | Web page
C) Prerequisite(s): FNCE 100, FNCE 101 . This course covers the finance of technological innovation, with a focus on the valuation tools useful in the ventur e capital industry. These tools include the "venture capital method," comparables analysis, discounted cash flo w analysis, Monte Carlo simulation, contingent-claims analysis, decision trees, and real options. The primary audienc e for this course is finance majors interested in careers in venture capital or in R&D-intensive companies in health care o r information technology .
Score: 10.374925 Details | Listing | Web page
s): FNCE 100, FNCE 101 . The focus of this course is on buying (or acquiring controlling stakes in) firms. The main topics to be covered ar e mergers and friendly acquisitions, hostile takeovers and buyouts. Using case studies, the course surveys the drivers o f success in the transactions. While issues regarding motive and strategy will be discussed, financial theory would be th e main lens used to view these control acquiring transactions. The objective is two fold: (1) Develop a concept an d translate that idea into a proposal through deal design; and (2) analyze to form opinions about proposed deals. Th e course should be of interest to students interested in pursuing careers as private equity investors, advisors in investmen t banking and corporate managers that deal with these issues. This course will be demanding and assumes familiarit y with valuation analysis .
Score: 10.374925 Details | Listing | Web page
C) This course will analyze several aspects of liquidity. Mostly, it will concentrate on liquidity as an asset's property of being traded quickly and at low cost, but the notion of availability of cash will also be studied. Particular attention will be devoted to exogenous transaction costs, asymmetricinformation and search frictions as determinants of asset liquidity and, consequently, price. We will also look at liquidity risk, institutional features arising as response to liquidity problems, and financing constraints. The course will concentrate on theoretical models, but the empirical literature will be referred to throughout.
Score: 10.374925 Details | Listing | Web page
C)
Score: 10.374925 Details | Listing | Web page
C)
Score: 10.374925 Details | Listing | Web page
C)
Score: 10.374925 Details | Listing | Web page
A)
Score: 10.374925 Details | Listing | Web page
C)
Score: 10.374925 Details | Listing | Web page
C)
Score: 10.374925 Details | Listing | Web page
A)
Score: 10.374925 Details | Listing | Web page
A)
Score: 10.374925 Details | Listing | Web page
C)
Score: 10.374925 Details | Listing | Web page
FNCE011) Monetary Economics. (C)
Score: 10.374925 Details | Listing | Web page
s): FNCE 922.
Score: 10.374925 Details | Listing | Web page
s): FNCE 911. This is a doctoral level course on macroeconomics, with special emphasis on intertemporal choice under uncertainty and topics related to finance. Topics include: optimal consumption and saving, the stochastic growth model, q-theory of investment, (incomplete) risk sharing and asset pricing. The course will cover and apply techniques, including
Score: 10.374925 Details | Listing | Web page
A)
Score: 10.374925 Details | Listing | Web page