What you'll learn:
- Capital Budgeting
- Capital Structure
- Dividends and Share Repurchases: Analysis
- Corporate Governance and Other ESG Considerations in Investment Analysis
- Mergers and Acquisitions
Prepare for the CFALevel 2 examin 2022 with 100% confidence! The course covers the Corporate Finance syllabus in detail so you will have a complete understanding when tackling this section in the exam. After you grasp the concepts, try out a lot of questions (from the Learning Ecosystem and End of Chapter questions) to increase your mastery of the readings.
AFTERGOINGTHROUGHTHISCOURSE, YOUDONOTHAVETOSTUDYFROMTHETEXTBOOKANYMORE (ORANYOTHERSOURCE)!
Exam Weight:5% - 10%
At the end of this course, students should be able to:
evaluate expansion and replacement capital projects, how depreciation methods affect the cash flows of the projects; determine optimal capital project in situations of mutually exclusive projects with unequal lives (least common multiple of lives approach, equivalent annual annuity approach) and capital rationing; types of real options; evaluate capital projects using economic profit, residual income, claims valuation model
explain the Modigliani-Miller propositions (with and without taxes), optimal capital structure
compare theories of dividend policy, describe signals from dividends, clientele effects; compare stable dividend policy, constant dividend payout ratio policy, and residual dividend payout policy; calculate effect of share repurchase on book value per share and earnings per share; calculate dividend coverage ratios
evaluate the effectiveness of a company's corporate governance; evaluate ESG risk exposures and investment opportunities
classify M&Aactivities based on forms of integration and business activities; bootstrapping of EPS; merger transaction characteristics; pre-offer and post-offer takeover defense mechanisms; use the discounted cash flow, comparable company, and comparable transactions analyses for valuing a target company; evaluate takeover bid
What We Cover in this Course:
Capital Budgeting
Capital Structure
Analysis of Dividends and Share Repurchases
Corporate Governance and Other ESGConsiderations in Investment Analysis
Mergers andAcquisitions
What you will get by buying this course is:
detailed coverage of the syllabus, taught by our seasoned instructors of the CFAProgram.
support in the Q&Aforum (course-related questions) from our instructors.
the confidence to nail this topic in the exam!
