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
E-mail: cinerc@uncw.edu
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,
Thomson South-Western.
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:
A
A-
92+
90-91
F
Below 60
B+
B
B-
88-89
82-87
80-81
C+
C
C-
78-79
72-77
70-71
D+
D
D-
68-69
62-67
60-61
Graded Materials
Mid-term examination I
Mid-term examination II
Final examination
Homework and participation
Total
25 points
25 points
40 points
10 points
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.
Additional Points:
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:
http://www.uncw.edu/policies/documents/03_100FINALHONORCODE_Aug2009.pdf
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.
Syllabus
Chapter
1/6
Introduction/ Risk and Return
1/11
cont’d
1/13
cont’d
1/18
No Class
1/20
Bonds and their valuation
1/25
cont’d
1/27
Stocks and their valuation
2/1
cont’d
2/3
Accounting for Financial Management
2/8
Review
2/10
Midterm Examination I
2/15
Financial Statement Analysis
2/17
cont’d
2/22
Financial Planning and Forecasting Financial Statements
2/24
cont’d
3/1
Determining the Cost of Capital
3/3
cont’d
3/8
No class
3/10
No class
3/15
Corporate Value and Value-based Management
3/17
cont’d
3/22
Review
2
4
5
7
8
9
10
11
3/24
No class- Business Week
3/29
Midterm Examination II
3/31
Capital Budgeting: Decision Criteria
4/5
cont’d
4/7
Capital Budgeting: Estimating Cash Flows
4/12
cont’d
4/14
Bankruptcy, Reorganization and Liquidation
4/19
cont’d
4/21
Multinational Financial Management
4/24
Review for Final Examination
12
13
25
27