FIN 3300:0EXW | Spring 2022
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FIN 3300:0EXW | Spring 2022
Program Goals
The Tippie College of Business Undergraduate Program has learning goals that drive decisions about curriculum and assignments within courses.
#1: Graduates will use analytical, creative and collaborative approaches to solving complex, ambiguous problems
#2: Graduates will demonstrate effective written, spoken and visual communication
#3: Graduates will obtain global awareness and understanding
#4: Graduates will demonstrate ethical reasoning
#5: Graduates will obtain professional preparation.
Course Description and Goals
This course will focus on preparing students to make the three main decisions in corporate finance: the capital budgeting decision, the financing decision, and the payout decision.
This course will provide an overview of the basic concepts and principle of corporate finance. Topics to be covered include the time value of money, the tradeoff between risk and return, valuation techniques, capital budgeting, cost of capital, capital structure, payout policy, financial & real options, and the role of financial markets. I will emphasize both the mathematical “tools” of financial decision making as well as the reasoning and concepts in appropriately applying these tools.
We will maintain a balance between theory and application while exploring corporate finance topics. I will bring in examples from publicly traded companies to illustrate the topics covered in lectures. Using corporate finance theory as the baseline, we can analyze real-world deviations and the implications of imperfections. Additionally, by completing the assigned cases, students will gain experience in analyzing real data and computing important risk/return measures. The goal is to enable you to think through and come up with solutions to complex business problems from a finance perspective.
This course has four objectives:
Course Objective 1: Appraise the risk profile of firms; specifically, estimate the costs of capital, including debt and equity capital using financial data
Course Objective 2 Analyze capital structure of firms by employing Modigliani & Miller framework and apply practical implications of the theory
Course Objective 3 Learn various capital budgeting techniques in evaluating investment opportunities
Course Objective 4 Value a firm utilizing various valuation techniques; including discounted cash flow method, adjusted present value method, and flows to equity method; calculate free cash flows and enterprise values
Media/System Requirements
Technical requirements for completing this class include:
• Student-provided personal computer with reliable Internet access, sound card,
and camera. A wired Ethernet connection is strongly encouraged.
• The latest version of Adobe Reader and the Microsoft Silverlight Player may need
to be installed in your computer in order to access course materials posted on ICON.
• Chrome web browser with Proctorio extension.
• If you need assistive technologies that have different computer and technology
requirements, then you will be responsible for making those arrangements. Please check with Student Disability Services: https://sds.studentlife.uiowa.eduto determine the requirements for specific technologies and for assistance if necessary.
Textbook/Materials
For this course you will be required to purchase McGraw-Hill Education Connect® access for Principles of Corporate Finance. Connect will provide full access to the eBook, so you are not required to have a print text. Please be aware if you purchase a print copy, you must still purchase Connect access.
The required textbook for this course is:
Video lectures, lecture notes, related materials and announcements will be posted on
The main form of delivery of relevant material will be from the posted lectures as well
There will be regularly posted recorded lectures and presentations posted on ICON.
Grading Criteria
Final course grades will be assessed based on the student’s performance in the following activities:
Graded Item |
|
% of Final Grade |
14 SmartBook Assignments |
|
15% |
17 Chapter Assignments |
|
15% |
2 Live Case Studies |
|
15% |
Exam 1 |
|
25% |
Exam 2 |
|
30% |
|
Total: |
100% |
Final course grades will be assigned based on points earned but will be largely consistent with the recommended grade distribution for a required course in the undergraduate program: 30% As, 40% Bs, 25% Cs, and 5% Ds.
SmartBook (SB) reading assignments (14):
Chapter Assignments (17):
Case Studies (2):
Exams (2):
be cumulative and will cover the material after the midterm exam.
• All exams are completed online through the ICON Quizzes tool and must be proctored. Local students will take exams at the IC test center. Distance students can request instructor permission to take exams via Proctorio.
You are encouraged to schedule two weeks before the exam date to avoid scheduling conflicts. When you are testing through Proctorio, you may take exams any time within the approved exam window. Proctorio will provide a few minutes prior to the start of each exam for identification and test set-up purposes. This will not count as part of your testing time. Students will need a computer with a webcam, microphone, a stable internet connection, Google Chrome, and the Proctorio extension on Google Chrome to test with Proctorio.
• Information regarding exam windows, technical requirements and Proctorio system requirements are posted on the course ICON site under the Exam Information - Spring 2022 page (found in the Exams module in this course).
Each student is responsible for reading all the exam information and ensuring that the identification, location and technical requirements are met for the exams. Each student who takes an exam(s) with Proctorio will be responsible for additional rules/requirements outlined in the exam study guide. Failure to comply with requirements will result in penalty ranging from one letter grade on the exam (or a percentage penalty) to receiving a failing grade in the course, and an academic misconduct report will be filed.
• Exam 1 will be given on March 9th, 10th and Exam 2 will be given on May 9th, 10th, 11th.
How to Get Help
Teaching Assistant: Ryan Johnson,[email protected]
Tutoring: Tippie and the University offers tutoring and other resources to help you succeed in this and your other courses. For more information, please visit
https://tippie.uiowa.edu/current- students/undergraduates/academics/advising/academic-support-and-tutoring.
Course Calendar
Week |
|
Topic |
Readings |
1 |
Jan 18-21 |
Overview of Corporate Finance Time Value of Money (Review) Stock Pricing (Review) Bond Pricing (Review) |
Ch2,3,4 |
2 |
Jan 24-28 |
Capital Budgeting |
Ch5,6 |
3 |
Jan 31 – Feb 4 |
Risk and Return |
Ch7,8 |
4 |
Feb 7-11 |
Cost of Capital |
Ch9 |
5 |
Feb 14-18 |
Corporate Financing Overview |
Ch14 |
6 |
Feb 21-25 |
Capital Structure Theory |
Ch17 |
7 |
Feb 28 – Mar 4 |
Capital Structure in Practice |
Ch18 |
8 |
Mar 9, 10 |
Midterm Exam |
|
|
Mar 14-18 |
Spring Break |
|
9 |
Mar 21-25 |
Weighted Average Cost of Capital Capital Structure Analysis |
Ch19 |
10 |
Mar 28 – Apr 1 |
Firm Valuation |
Ch19.2 |
11 |
Apr 4-8 |
Firm Valuation |
Lecture Notes |
12 |
Apr 11-15 |
Payout Policy Dividends & Share Repurchases |
Ch16 |
13 |
Apr 18-22 |
Financial Options |
Ch20,21 |
14 |
Apr 25-29 |
Real Options |
Ch22 |
15 |
May 2-6 |
Final Exam Review |
|
|
May 9, 10, 11 |
Final Exam |
|
Note that the course outline is subject to change. It is the student’s responsibility to keep up
Course-Specific Policies and Guidelines
Communications: Students can expect to receive communications from the instructor
Exams: Students are expected to take the exams at the regularly scheduled times,
Late Work: Because I regard this class as I would any job responsibility, I hold you to
Inclement Weather/Class Cancellation: Although it is our intent to offer every
Collegiate and University Policies and Guidelines
The administrative home of this course is the Tippie College of Business, which governs academic matters relating to the course such as the add/drop deadlines, the second- grade-only option, issues concerning academic misconduct, and how credits are applied for various graduation requirements. Different colleges might have different policies.
The Tippie College of Business is committed to providing students with a diverse, inclusive, and equitable environment in which to pursue their educations. In addition,
Students at Tippie adhere to an honor code that emphasizes the importance of honesty and integrity. Student concerns about this class or your performance in it can be discussed with the instructor or the Associate Dean for Undergraduate Programs. More
The University of Iowa is committed to theprotection of freedom of speech and the principles of academic and artistic freedom, to accommodating students with disabilities, and to accommodating absences due to religious holidays. In addition,
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