Dr. P.V. Viswanath

pviswanath@pace.edu

Class Notes and Spreadsheets

FIN 647 Notes: Corporate Finance
Primary Materials (Jonathan Berk and Peter DeMarzo, unless otherwise noted)

• Some Importants Terms and Concepts
• Comments from Class
• Chapters 1, 29 and Chap. 2 from Damodaran's Corporate Finance: Firm Objectives (Slides)
• Chap. 2:Introduction to Financial Statement Analysis (Slides)
• Chap. 3, 4, 5: Arbitrage and Financial Decision Making (Slides)
• Chapter 10: Capital Markets and the Pricing of Risk (Slides)
• Chapters 11,13: Alternative Models for Pricing Risk (Slides)
• Chapters 14 Capital Structure (Slides)
• Chapter 15: Capital Structure (Slides)
• Chapter 16: Capital Structure (Slides)
• Chapter 17: Payout Policy (Slides)
• Chapter 18: Capital Budgeting and Valuation with Leverage (Slides)
• Chapter 23: The Mechanics of Raising Equity Capital
• Chapter 24: Debt Financing

Supplementary Materials

• The Objective Function in Corporate Finance (Corresponds to Chap. 2 of Damodaran's Corporate Finance) (Slides)
• Present Value  (Corresponds to Chap. 3, 5 of Damodaran's Corporate Finance) (Slides)
• Understanding Financial Statements (Corresponds to Chap. 4 of Damodaran's Corporate Finance) (Slides)
• Risk and Return (Corresponds to Chap. 6 of Damodaran's Corporate Finance) (Slides)
• Estimation of Discount Rates (Corresponds to Chapter 7 of Damodaran's Corporate Finance) (Slides)
  Excel spreadsheet showing beta estimation and Security Market Line
• Capital Structure: Tradeoffs and Theory (Corresponds to Chapter 18 of Damodaran's Corporate Finance) (Slides)
• Capital Structure: Models and Applications (Corresponds to Chapter 19 of Damodaran's Corporate Finance)
• The Determinants of Dividend Policy (Corresponds to Chapters 21, 22 and 23 of Damodaran's Corporate Finance) (Slides)
• Common Misconceptions in Finance
• The Role of Science in the Study of Finance
• Determination of the Discount Rate for Risky Assets (including a primer on probability)
  
• A primer on Probability
• A note on Regression Analysis
• Vassar Stats: Website for Statistical Computation (Great site for learning more about Statistics, and how to do it!)
• Techniques for Constructing Efficient Portfolios
  
• The Capital Asset Pricing Model
  
• Alternative Investment Rules
  
• Efficient Capital Markets and Corporate Finance
• Perspectives on Diversification
  
• Innovations in Corporate Finance
• Equity Valuation
• Options
• Campbell Harvey's Notes on Option Valuation
• Campbell Harvey's Notes on Option Arbitrage Relations
• Asset Based Financing: The case of Leasing

Firm Profiles (for use in exercises)

• Southwest Airlines
• Kohl
• Kraft Foods
• Genentech
• Intel

FIN 647 Spreadsheets

• Excel spreadsheet showing beta estimation and Security Market Line
• Excel file demonstrating how to construct and analyse a portfolio with two assets
• Excel file containing 10 year financial history for AT&T 1988-1997
• Excel file to compute Disney's optimal capital structure
• Excel file to compute Boeing's optimal capital structure (Damodaran's original template)
• Excel file to compute optimal capital structure for TRW, Inc. using 1996 data with my comments
• Excel file to evaluate dividend policy (Damodaran's original template with my comments)
• Excel file with suggested solution for GE's optimal capital structure using data upto 1997

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