FIN804 Financing Decisions

Obchodně podnikatelská fakulta v Karviné
zima 2006
Rozsah
1/2/0. 6 kr. Ukončení: z.
Garance
Katedra financí a účetnictví – Obchodně podnikatelská fakulta v Karviné
Omezení zápisu do předmětu
Předmět je otevřen studentům libovolného oboru.
Cíle předmětu
This course will require prior finance knowledge. The finance concepts that a student should have some knowledge of are, time value of money and bond and stock valuation.
Osnova
  • Struktura výkladu:
    1. Review time value of money, stock and bond valuation, Markowitz portfolio theory, Net
    2. Lecture on Ch. 14, Questions/Problems 13.3, 13.8, 13.10, 13.13, 13.15.
    3. Lecture on Ch. 15, Questions/Problems 14.1, 14.2, 14.3, 14.4, 14.7.
    4. Lecture on Ch. 16 (Skip section 16.6, Appendix A and Appendix B), Questions/Problems 15.1, 15.2, 15.3, 15.4, 15.5, 15.8, 15.12, 15.13, 15.16.
    5. Lecture on Ch. 17, Questions/Problems 16.1, 16.2, 16.4, 16.5, 16.7, 16.9
    6. Lecture on Ch. 18 (Skip Appendix), Questions/Problems 17.2, 17.3, 17.5, 17.7.
    7. Lecture on Ch. 19, Questions/Problems 18.2, 18.5, 18.8, 18.10, 18.16.
    8. Lecture on Ch. 20, Questions/Problems 19.5, 19.6, 19.7, 19.9.
    9. Lecture on Ch. 21, Questions/Problems 20.1, 20.4, 20.5, 20.6, 20.8, 20.9.
    10. Lecture on Ch. 23 (Skip Appendix), Questions/Problems 21.3, 21.4, 21.6, 21.7, 21.9, 21.16.
    11. Lecture on Ch. 24, Questions/Problems 23.2, 23.3, 23.4, 23.5, 23.6.
    12. Lecture on Chs. 25 (Only Sections 25.1 and 25.2) and 26, Questions/Problems 24.5, 24.6, 24.10, 24.13, 24.14, 25.1.
    13. Lecture on Ch. 30, Questions/Problems 26.2, 26.8, 26.11, 30.1, 30.3, 30.4, .
    Obsah kurzu:
    1. Use the idea of cumulative abnormal rates of return (discussed in Chapter 13) to evaluate a couple of events on the Prague Stock Exchange (obtain data from HBS guide to Czech securities-on computer network at Silesian university).
    2. Use the HBS guide to Czech securities to study what kinds of firms pay dividends and the amount/rate of the dividends. Dividend policy discussed in Chapter 18.
    3. Use the HBS guide to study the debt/equity capital structure for various firms in various industries in the Czech Republic. Capital/financial structure discussed in Chapters 15, 16.
    4. Use the HBS guide to study where firms obtained funds to finance investments in 1994. Sources and uses of funds discussed in Chapter 14.
    5. Use the Excel spreadsheet program (with special functions) to illustrate how to calculate the value of a call option using the Black-Scholes option pricing model. Black-Scholes Option Pricing Model discussed in Chapter 21.
    6. Use the Excel spreadsheet program (special functions) to illustrate how to calculate the price, yield and duration for a bond. The pricing, rate of return and duration of bonds is discussed in Chapter 24.
    7. Use the Excel spreadsheet program to analyze a leasing problem. Use examples in Chapter 23 in the textbook.
    8. Use the Excel spreadsheet program with graphs to analyze the expiration payoffs from buying and writing put options and buying and writing call options. The payoff graphs are discussed in Chapter 21.
    9. Write about how knowledge of options can be used to evaluate investments in "real" assets. See section 21.11 and obtain article from teacher.
    10. Use the Excel spreadsheet program to illustrate how to construct a cash budget. See discussion of cash budget in Chapter 26 and get handout from teacher.

Informace učitele
Kurz je ukončen písemnou zkouškou. Podmínkou zkoušky je vypracování seminární práce (ve formě praktické případové studie) a její obhajoba. Maximální rozsah práce je 10 stran (+ grafy a tabulky). Výsledná známka je dána součtem získaných bodů ze všech aktivit.
Další komentáře
Předmět je dovoleno ukončit i mimo zkouškové období.
Předmět je zařazen také v obdobích zima 1990, léto 1991, zima 1991, léto 1992, zima 1992, léto 1993, zima 1993, léto 1994, zima 1994, léto 1995, zima 1995, léto 1996, zima 1996, léto 1997, zima 1997, léto 1998, zima 1998, léto 1999, zima 1999, léto 2000, zima 2000, léto 2001, zima 2001, léto 2002, zima 2002, léto 2003, zima 2003, léto 2004, zima 2004, léto 2005, zima 2005, léto 2006, léto 2007, zima 2007, léto 2008.