University of N. Carolina at Wilmington
Cameron School of Business
Fin 336 – Intermediate Corporate Finance (Spring 2010)
Instructor: Dr. Cetin Ciner
220-E Cameron Hall
Office (Phone): 910-962 7497
Office (Fax): 910-962 7464
Goal: To provide an understanding of the methods and principles of the finance
discipline to enable effective financial decision making in a corporation.
Course Overview: This course is designed for a thorough review of corporation financial
management. The course builds on initial studies of financial management and reflects on
the view of the modern finance theory, which suggests that managers should aim to
maximize shareholder wealth. The discussions will cover issues faced by finance
officers such as decisions on capital budgeting projects, use of debt and its impact on
value and risk-return relations. Our course will demonstrate the superiority of the NPV as
a decision-making rule and will also highlight its implementation under several scenarios.
We will strive to provide examples of practical applications of the finance topics that will
be covered in real world matters.
Text: Intermediate Financial Management, Brigham & Daves, 9th Edition, 2006,
Office Hours: Thursday: 8.00- 5.00
Reading: You are encouraged to regularly read the Wall Street Journal and/or the
Financial Times. Other assigned readers will be placed either on reserve in the library or
on the web page.
Grading: The following scale will be used to determine the end-of-term grades:
B+ 88-89 C+ 78-79 D+ 68-69
A 92+ B 82-87 C 72-77 D 62-67
A- 90-91 B- 80-81 C- 70-71 D- 60-61
F Below 60
Graded Materials Mid-term examination I 25 points
Mid-term examination II 25 points
Final examination 40 points
Homework and participation 10 points
Total 100 points
Examinations: All examinations will be closed-note, closed book and will consist of
multiple choice questions. However, you can use a single 3x5 note card that contains only
formula. You must turn in the card with your exam, if you choose to use one.
Academic Honesty: As a student at UNCW, you are pledged to uphold and support the UNCW
Student Academic Honor Code:
The University of North Carolina Wilmington is a community of high academic standards where
academic integrity is valued. UNCW students are committed to honesty and truthfulness in
academic inquiry and in the pursuit of knowledge. This commitment begins when new students
matriculate at UNCW, continues as they create work of the highest quality while part of the
university community, and endures as a core value throughout their lives.
Guidelines in support of the Honor Code, including definitions of cheating and plagiarism, may
be found at:
Disabilities: Appropriate academic support is available for any student with a
documented disability. Please notify me and/or contact the Office of Disability Services
(3746) for further information.
Calculator: A financial calculator, and the ability to use it, is required for this course.
The BA II+ is recommended and should be brought to class every day. Time Value of
Money exercises, including a list explaining BA II+ keys, are available online.
Homework Policy: Assignments will consist of end of chapter problems that will be
announced in class. Homework will be collected in class only, please do not email.
1/6 Introduction/ Risk and Return 2
1/18 No Class
1/20 Bonds and their valuation 4
1/27 Stocks and their valuation 5
2/3 Accounting for Financial Management 7
2/10 Midterm Examination I
2/15 Financial Statement Analysis 8
2/22 Financial Planning and Forecasting Financial Statements 9
3/1 Determining the Cost of Capital 10
3/8 No class
3/10 No class
3/15 Corporate Value and Value-based Management 11
3/24 No class- Business Week
3/29 Midterm Examination II
3/31 Capital Budgeting: Decision Criteria 12
4/7 Capital Budgeting: Estimating Cash Flows 13
4/14 Bankruptcy, Reorganization and Liquidation 25
4/21 Multinational Financial Management 27
4/24 Review for Final Examination