Learn the essentials of corporate finance, from capital allocation to corporate valuation, initial public offerings, financial instruments, and mergers and acquisitions.
Overview
Syllabus
Goals of Corporate Finance
- Raising capital (sources of capital)
- Allocating capital (uses of capital)
- Setting dividend policy
- Optimizing the capital structure
- Staying private versus going public
- Evaluating investments
- What do investment bankers do?
Corporate Finance Fundamentals
- Future value & present value
- Net present value (NPV)
- Internal rate of return (IRR)
- Evaluating investments with IRR & NPV
- Cost of capital
Stocks & Equity Issuances
- Stock fundamentals
- Initial public offerings
- IPO process
- Why go public?
Debt Issuance
- Bonds and loans
- Bond prices, yields, and spreads
- The yield curve
- Credit ratings
- Cost of debt versus cost of equity
- How leverage increases risk and returns
- Causes of the Financial Crisis
Financial Investments
- Capital investments
- Mergers & acquisitions
- Leveraged buyouts
Intro to Corporate Valuation
- Purposes of valuation
- Discounted cash flow modeling
- Capital asset pricing model
- Weighted averaged cost of capital
- Terminal valuation
