FIN 3100 PRINCIPLES OF FINANCE 3 cr. FALL 2010 WSB 113 Instructor: Norman D. Gardner, Ph.D. Professor of Finance UVU Office: 863-8761 WB-227; firstname.lastname@example.org; home: 224-6969 Office Hours: 11:00-1:00 T&Th; 4:00-5:30 T; and as needed. Text: Essentials of Corporate Finance, UVU customized edition by Ross, Westerfield & Jordan NOTE: A Business/Financial calculator is REQUIRED! Course objectives: 1. Students will demonstrate competence in working Time Value of Money problems and will apply these skills to the valuation of financial assets such as bonds, preferred stock, and common stock, as well as to real assets such as the acquisition of new machines, subsidiaries or buildings. 2. Students will demonstrate their ability to integrate knowledge and skills from prerequisite courses in accounting, economics, and statistics. 3. Students will demonstrate the ability to apply basic principles of finance in corporate financial management as well as risk/return principles in the evaluation of investment performance as they begin to plan for their own retirement. Tentative Schedule Week of Chap Topics Aug 23 --- Course Introduction 30 1 Overview of Finance Sep 6 2 Accounting Review 13 3&4 Financial Statement Analysis; TVM 20 4&5 Time Value of Money 27 TBA Discounted Cash Flows; EXAM I Oct 4 TBA Mortgages 11 6 John Birr Williams; Theory of Investment Value 18 6&7 Bond Valuation; Preferred Stock 25 7 Valuation of Common & Preferred Stock Nov 1 8 Valuation of Real Assets; Capital Budgeting 8 9 Capital Budgeting Decisions; EXAM II 15 10 Capital Market History; Market Efficiency 22 11 Risk and Return; Capital Asset Pricing Model 29 12 Cost of Capital Dec 6 12 Capital Structure & Leverage 13 -- FINAL EXAM WEEK GRADING Mid-term Exams (2 @ 100 points) 200 Final Exam 150 Homework, Quizzes & participation approx 200 Note: You must take all three exams to pass this course. I will assign letter grades based on a curve. I expect that you will attend every class and that you will spend about 2 hours of individual and group study outside the class, for each hour we spend in class. When your schedule does not permit you to be in class, it will be your responbsibility to get copies of notes of the class lecture and other materials from another class member. Quizzes: Approximately 15 quizzes will be given. These quizzes will normally be worth about 10 points each and will consist of both announced and unannounced quizzes. Missed quizzes cannot be made up. However, I will "throw out" your LOWEST TWO quiz scores. HOMEWORK Homework is for your benefit. You should take the responsibility to complete the homework assignments and turn them in when due. Four points will be given for each assignment if this is done. Homework points will count about 10% of the total grade. Incomplete assignments, or late assignments (up to 1 week late), will receive 2 points or less. Assignments turned in more than one week after the due date will receive no points. Since I will not always grade each problem on each assignment, you should take the responsibility to ask questions either in or out of class to make sure you understand the material. You are strongly encouraged to make use of study groups and tutoring sessions. Homework assignments are due at the beginning of class following the class in which we begin talking about that chapter. Homework Assignments CT&CR = Critical Thinking & Concept Review. Q&P = Questions & Problems Ch Assignment 1 p18 CT&CR #1-6, 9-10, 12, 14-15 2 p44 CT&CR #2-3; p45 Q&P #1-5 & 16 3 p82 CT&CR #1-3, 6-7; p83 Q&P #1-8, 10 4 Problem sets as assigned 5 Problem sets as assigned 6 p195 CT&CR #1-2; 6, 8; p196 Q&P #1-8, 15-17, 19 7 p224 CT&CR #1-7; p225 Q&P #1-8, 10-18 8 p255 CT&CR #3, 5-6; p257 Q&P #1-3, 5-9 9 p292 CT&CR #1-3, 6; p293 Q&P #1-3, 20 10 p329 CT&CR #4-9; p329 Q&P #1-3 11 p365 CT&CR #1-5, 7-8; p367 Q&P #1-4, 8, 11, 13-16, 19 12 p395 CT&CR #1, 4, 6; p397 Q&P #1-7, 9-10, 15-16, 23 SCHOOL OF BUSINESS ASSIGNMENT AND TESTING POLICY: All examinations must be taken at the regularly scheduled examination time. Any exception to this will result in the following penalty: Taking the examination after the scheduled time will result in a penalty of 25 percent of the student's score on the test. NO STUDENT WILL BE ALLOWED TO MAKE UP AN EXAMINATION AFTER ONE WEEK FROM THE ORIGINAL EXAMINATION DATE. All projects and assignments will be treated in the following manner: Late projects/assignments will be penalized 50 percent if handed in after the due date (beginning of the class period on the assigned date.) Projects/assignments turned in after a one- week period will not be accepted for credit. These are departmental policies. Any exceptions must be submitted in writing to an evaluation committee for hearing within ten calendar days from the original examination date or assignment due date. Final examinations are to be taken only at the scheduled time unless a different time is approved by the Department Head, Program Coordinator, and Instructor. CHEATING: Cheating in any form WILL NOT be tolerated. Students who cheat will receive a failing grade for this course. It is NOT cheating to form study groups to work on out-of-class homework assignments. An example of cheating would be GIVING answers to, or TAKING answers from, another student during an in-class test or quiz. Please ask for further clarification if you have questions. For further information on this topic please refer to UVU Catalog Policy 541.
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