Course Outline FINANCE 515 Business Finance Fall 2015 Department of Economics and Finance Louisiana Tech University

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1 Course Outline FINANCE 515 Business Finance Fall 2015 Department of Economics and Finance Louisiana Tech University Professor: Jared F. Egginton, PhD Office: BUS 217 Office Phone: (318) Class Time & Location: MW 4:00 pm 550 pm, BUS 105 Office Hours: M, W 9:30 am 11:30, 2:00-4:00 pm F 9:30 am 11:30 or by appointment Textbook: Connect Access: Connect Registration: Calculator: Prerequisite: Course Objectives: Course Material: Warnings: Corporate Finance: Core Principles and Applications by Ross, Westerfield, Jaffe, and Jordan 3 rd or 4 th ed. This course requires paid access to McGraw-Hill s Connect Finance. Connect Finance is an online homework management system containing questions tied directly to your textbook. Go to the web address displayed above. Enter your address. If you are a new user, you ll see two options. Either click to enter your access code (purchased via the Louisiana Tech Bookstore) OR Click to purchase access to Connect online. Fill out the registration form. Once you see this message, you can access your Connect homepage by clicking on Go To Connect Now. At your Connect homepage you can access your assignments, study center, grades, and other resources provided by your instructor. Start by clicking any of the assignment titles displayed on the list. A financial calculator is required for the course (I recommend a Texas Instrument BAII or Hewlett-Packard 10BII). There will be no sharing of calculators in the course. You will need a calculator for working examples and problems so bring it to each class. FINC 318; ACCT 505 or consent of instructor After completion of the course, the student will understand (at a graduate level) risk and return relationships, domestic securities markets, time value of money, security valuation, capital budgeting, and working capital management. In addition, they will be able to perform basic analyses of financial statements, solve simple time value of money problems, value traditional debt and equity securities, estimate costs of long and short term capital components, and analyze projects using capital budgeting techniques. Relevant announcements will be posted on Moodle. Please check it frequently for updates. Course grades and important course documents (e.g. syllabus, recommended end of chapter problems, equation sheets, etc.) will be posted on Moodle There is a lot of material to be covered in this class. I cannot possibly cover all chapters in their entirety. Rather, I will discuss the more difficult material in class. Since I will often move rapidly through the material, you will benefit from attending Egginton FINC 515 Page 1 of 5 Revised: Fall 2015

2 class and reading the relevant material from the text prior to each class meeting. Complete the reading assignment even if you do not understand everything in the first pass through the material. After class (and before the next one) you should go back and review the material covered. This is the best way to improve your understanding of the material. There is no way you can do well in the class without working problems on your own as we cover the material in class. Virtually all the textbook problems in the assigned chapters are worthwhile. Waiting until the week before an exam to start practicing problems is an almost certain road to an F. Exams: All exams will be held during class time. Exams are closed book. They will include, but not limited to, a combination of multiple choice, true/false, problem, and shortanswer/essay questions. There will be no make-up exams. It is your responsibility to attend all exams at the scheduled time. The exams will emphasize not how well you have memorized solutions to the problems you have seen, but rather how well you understand and apply general principles to new situations. Bear this in mind as you study. Homework: Excel Projects: Homework assignment will be administered via Connect and are due 15 minutes prior to the start of class. There will be approximately one homework assignment per chapter. There is no time limit and you have an unlimited number of attempts. All answers/solutions will be released after the due date, unless otherwise stated in the course schedule. Regardless of the reason, late homework assignments will not be accepted Several mini projects will be assigned over the quarter which will require you to preform analysis in excel. Excel project will be submitted online through Moodle. Quizzes: Attendance: There will be approximately one in-class quiz for each chapter. Regardless of the reason for missing a quiz, make-up quizzes will not be given to anyone for any reason. I will drop your lowest quiz score when calculating your quiz average. Class attendance is highly recommended. Some material covered in class will not be in the book. I will not re-teach material during my office hours that has been missed by students because of an absence. Grades: Final overall course grades are calculated as follows: Assessment Weight Exam 1 20% Exam 2 20% Final Exam 20% Homework 10% Excel Projects 15% Quizzes 15% Total: 100% Egginton FINC 515 Page 2 of 5 Revised: Fall 2015

3 Grading Scale: A >= 90% B 80% - 90% C 70% - 80% D 60%-70% F < 60% Students with Disabilities: Academic Dishonesty: Extended Campus Emergency: Emergency Notification System: Students officially registered with the Office of Disable Student Services and requesting special accommodations for this class should contact the professor early in the term so that appropriate arrangements can be made. Students are expected to adhere to the Academic Honor Code established at Louisiana Tech University as discussed in the Louisiana Tech University Student Handbook. Students found guilty of committing acts of academic dishonesty will receive at least an F in the course and possible suspension from Louisiana Tech University. In the event of a campus-wide disaster that requires campus closure, this course will continue using Moodle. Students are expected to check Moodle for course communications and a revised schedule within 1 week after a campus closure. Remaining coursework and assessments will continue under a revised schedule after this date this date using Moodle. Emergency Notification System: All Louisiana Tech students are strongly encouraged to enroll and update their contact information in the Emergency Notification System. It takes just a few seconds to ensure you re able to receive important text and voice alerts in the event of a campus emergency. For more information on the Emergency Notification System, please visit Egginton FINC 515 Page 3 of 5 Revised: Fall 2015

4 Following is a tentative list of topics to be covered. This list may change at the professor s discretion. Ross, Westerfield, Week Dates Topic & Jordan Chapter(s) 2 Sept 14, Introduction, Financial Statements 1, Sept 21, Working with Financial Statements 2, Sept 28 Working with Financial Statements 3 Sept 30 ***Exam 1 Chapters 1, 2, 3 *** 5 Oct. 5,7 Discounted Cash Flow Valuation, Interest Rates and Bond 4,5 Valuation 6 Oct. 12 Interest Rates and Bond Valuation,Stock Valuation, 5, 6 Oct 15 No Class October 14 7 Oct. 19 Stock Valuation 6 Excel Assignment 1 Oct 21 *** Exam 2 Chapters 4, 5, 6 *** 8 Oct 26, Risk & Return: The Capital Asset Pricing Model, Risk, Cost of 11,12 28 Capital, and Capital Budgeting 9 Nov 2, 4 Risk, Cost of Capital, and Capital Budgeting, Net Present Value 12, 7 and Other Investment Rules 10 Nov 9,11 Risk Analysis, Real Options, and Capital Budgeting 8 Excel Assignment 2 11 Nov 16 Final Exam Chapters 11, 12, 7, 8 Egginton FINC 515 Page 4 of 5 Revised: Fall 2015

5 Finance 515- Business Finance Fall 2015 Instructor: Jared Egginton Syllabus Agreement By signing this page, I agree that I have been provided with the syllabus for FIN 515 for the fall quarter of 2015, and fully understand the grading policies, and rules set out therein and agree to abide by them. Name (Printed) Signature Date

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