UNIVERSITY OF COLORADO – LEEDS SCHOOL OF BUSINESS

FNCE 3010: CORPORATE FINANCE

SYLLABUS – SPRING 2009

INSTRUCTOR: Bob Donchez

OFFICES/PHONES: Koelbel 423: 303 492-5916

CLASS HOURS: Sec 001: TTh 8:00 -9:15 a.m. – Koelbel 220

Sec 002: TTh 9:30-10:45 a.m. – Koelbel 220

Sec 003: TTh 11:00 a.m. -12:15 p.m. – Koelbel 220

OFFICE HOURS: TTh 12:15 p.m. -1:45 p.m.; W 7:45 a.m. - 10:30 a.m.

and by appointment

E-MAIL:

WEBSITE: http://leeds-faculty.colorado.edu/Donchez/mainhomepage.htm

TA: Will Hertlein:

TA OFFICE HOURS: MW 12:30-2:00 Koelbel 448.

REQUIRED MATERIALS: Brigham, and Ehrhardt, Financial Management: Theory and Practice, 12th Edition (2008) Thompson - Southwestern. A financial calculator is a necessity in this course and the HP-10B2 or HP-17B is suggested. The HP is used in class. Both the text and calculator should be brought to class.

OPTIONAL: The Wall Street Journal (Highly recommended)

PREREQUISITES: BCOR 2200 (formerly 2100) - Introductory Finance.

COURSE OBJECTIVES: After completing the course, students should possess:

·  A detailed understanding of the concepts principles of financial mgmt, with particular emphasis on risk, rates of return, valuation.

·  An analytical approach to modern financial problem solving, including the use of financial tools.

· An analytical knowledge, including modeling abilities, of capital projects and financing decisions.

· An understanding and the applications of the interrelationships between business management and the entity’s financial statements, and the use of ratio analysis as an integrated tool.

· A comprehensive ability to understand, derive, and determine valuations of (1) financial assets, including debt and equity instruments, (2) publicly-traded companies, (3) capital projects.

· An advanced ability to understand and apply TVM calculations over a broad spectrum of financial issues and problems.

· Written and oral presentation skills, with focus on technical quantitative abilities.

ADMINISTRATION: All University of Colorado and Leeds School of Business rules, policies and procedures are followed in the course (including those related to drop/add requirements and the grade of “IF). University policies regarding academic dishonesty and classroom conduct are followed. Please review the University of Colorado Student Honor Code and all other relevant University Policies at http://www.colorado.edu/policies.

* Students with disabilities who qualify for academic accommodations must provide a letter from Disability Services (DS) and discuss specific needs with the professor, preferably during the first two weeks of class. DS determines accommodations based on documented disabilities. Disabilities Services: 303-492-8671, Willard 322, www.colorado.edu/disabilityservices.

Business Expectations: Business courses prepare the student for the business world. In the real business world, one is required to show-up at work every day, on-time, ready and prepared to work. Therefore, the student is required to attend class every day, prepared and ready to discuss the relevant material. In the real world, business meetings are seldom a monologue; rather there is a dialog among the attendees. Likewise, students must be prepared to participate by reading the relevant material the night prior to its discussion in class, and by attempting any assigned problems and questions. Financial calculators must be brought to class.

· Cell phones ringing during business meetings are the quickest way to lose a client’s business. This is an unprofessional practice and is not tolerated during business meeting in the outside world. Likewise, cell phones are not permitted in class. All cell phones should be disarmed prior to entering the meeting room.

Assignments: Finance is an applied discipline. In the real business world, both the “how to” and the “why” are important. The problems, questions and exercises listed on the following page represent the minimum level of work to be completed in order to enhance understanding of the course material. Check figures are available in the appendix and some may be reviewed in class. Additional problem sets will be distributed in class. If experiencing trouble working any of the assigned problems, questions or exercises, please visit during office hours. Please come prepared with specifics on the assignment issues, including all attempted efforts of the solutions. All readings should be completed prior to the class in which that material is covered. Homework due dates are when each listed assignment is due for collection and grading.

Assessment / Evaluation: There are three exams each worth 25% of the semester grade. Homework accounts for 12%. On-line quizzes account for 8%. Business communication, including class responses, answers, and participation, e-mails, and attendance account for the remaining 5%. Students should be able to present homework solutions to the class when called upon.

·  In addition, there is an improvement factor taken into consideration with the exams, which can alter the weights of each exam. If, for example, a student scores 60 %, on the first exam, then improves to 70 % on the second, the weight of the first score drops 2% from 25% to 23% while the weight of the improved second exam is bumped from 25% to 27%. If the third exam results improve (to, say 80% in the example) the third exam’s weight becomes 27%, while the first exam’s weight drops from 23% to 21%.

·  The exams cover material assigned since the previous exam. There are no make-up exams.