Topics include valuation, capital budgeting, cost of capital, leasing, dividend policy, capital structure, and mergers and acquisitions. Areas studied include working capital management, liquidity policy, banking relations, investment in money market instruments and financial statement forecasting. Appropriate undergraduate courses in accounting and finance. Topics include alternative models for allocating resources among risky alternatives and evaluation of performance. Emphasis will be placed on mortgage instruments, mortgage types, effective cost of borrowing, construction lending, financial institutions, loan underwriting, and the secondary mortgage market.
Analysis is primarily from the debt investor's perspective.
In addition to the theory, the major financial markets, financial institutions and financial instruments will be examined. Finally, the governmental agencies which regulate the industry will be discussed as will the overlapping nature of the regulatory process. Completion of the first year MBA core or consent of instructor. The study of selected topics in finance for graduate students. Special title required.