Objectives

This course focusses on financial decision making in a corporate framework. It is built around cases which usually embed a valuation problem in a corporate financing problem with a particular structure. This course, in particular, draws on many of the tools developed in Futures and Options. Usually, lectures and discussions will cover analytic methods, institutional background and empirical facts, then be followed by a case using the concepts covered in the lecture/discussion. Selected Topics

-Share repurchases 
-Initial public offerings
-Valuation of warrants using option pricing theory
-Issuance of convertibles
-Valuation of high yield debt
-Interest rate swaps
-Hedging of corporate liabilities

Mainly lecture notes such as "Valuation Methods", "Share Repurchases", "Initial Public Offerings", "Seasoned Equity Offerings", "Option Pricing", "Binomial Methods in Option Pricing", "Convertibles and Other Hybrid Securities", "The High Yield Debt Market", "Employee Stock Option Plans" and "Interest Rate Swaps".

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