Class Meeting Week and Days

Topics

Projects and other Deadlines

Meeting 1
May 30

Chap. 2: Firm Objectives (Slides)

Making Sense of the Risks Posed by Governance Issues, May 26, 2007, The Economist, p. B3

Meeting 2
June 4

Chap. 4: Understanding Financial Statements (Slides)

Analysts Like Hologic + Cytyc, But Market is Wary
Look at Hologic's Financial Statements (latest 10K can be found by going to http://finance.yahoo.com and looking at HOLX's SEC filings), particularly its operating leases (p. 56 of 10K filing for year ending Sept. 2006).

Meeting 3
June 6

Chap. 5: Value and Price: An Introduction (Slides)

Try to compute cashflows for Hologic, using financial data from Yahoo or 10Ks.

Meeting 4
June 11

Chapter 3; Chap. 6: Equity Risk and Expected Return (Slides; Excel file on diversification )

Currency Funds Spur Indexes, WSJ article, May 30, 2007.

Meeting 5
June 13

Chapter 7: Estimating Hurdle Rates for Firms (Using the CAPM; Slides) (Excel file on Beta Computation)

Meeting 6
June 18

Review

Project on Capital Governance due by email by midnight

Meeting 7
June 20

Midterm

Exam based on Chapters 2-7

Meeting 8
June 25

Chapter 16: An Overview of Financing Choices
Chapter 17: The section on Financing Choices and a Firm's Life Cycle (Slides)

Latest Trend in Big Buyouts: Blend of Public, Private Traits, Wall Street Journal, May 22, 2007; Page C1

Meeting 9
June 27

Chapter 18:  The Financing Mix: Tradeoffs and Theory (slides)  

What's so great about private equity? WSJ article, Nov. 27, 2006

Meeting 10
July 2

Chapter 18:  The Financing Mix: Tradeoffs and Theory (slides)

Meeting 11
July 9

Chapter 19: Cost of Capital Approach (Slides)
Chapter 21: Dividend Policy (slides on Dividend Theory; slides on Dividend Practice)

"Qantas to Create Freight Company, Review Options," WSJ, May 25, 2007.

Capital Structure Assignment due by email before midnight

Meeting 12
July 11

Final Exam

Exam (Chapters 16, 17, 18 and 21) based on Capital Structure and Dividend Policy.