University of Liege | Version française
	Study programmes 2009-2010 Last update : 28/06/2010
	FINA0002-1   Corporate Finance Duration :   30h Th Credits/ECTS :   Bachelor in economical and in management sciences, 3rd year Deuxième quadrimestre 3 Bachelor in economical and in management sciences, 3rd year Deuxième quadrimestre 5 Bachelor in business engineering, 3rd year Deuxième quadrimestre 4 Bachelor in management sciences, 3rd year Deuxième quadrimestre 3 Advanced Master in Financial Risk Management Deuxième quadrimestre 3 Holder(s) :   Laurent Bodson, Aline Muller, Séverine Plunus Language :   Langue anglaise Course contents :   The course is organized around two important themes: A. The Valuation and Capital Budgeting for the Levered Firm. B. Options and Corporate Finance Course objective :   Organization and Content This course is composed of 3 chapters: Chapter 1: Valuation and Capital Budgeting for the Levered Firm 1 Adjusted Present Value (APV) Approach 2 Flow to Equity (FTE) Approach 3 Weighted Average Cost of Capital (WACC) Method 4 A Comparison of the APV, FTE, and WACC Approaches 5 Capital Budgeting: The Discount Rate Must Be Estimated 6 APV Example 7 Beta and Leverage Chapter 2: Options and Corporate Finance: Basic Concepts 1 Options 2 Call Options 3 Put Options 4 Selling Options 5 Stock Option Quotations 6 Combinations of Options 7 Valuing Options 8 An Option-Pricing Formula 9 Stocks and Bonds as Options 10 Capital-Structure Policy and Options 11 Mergers and Options Chapter 3: Options and Corporate Finance: Extensions and Applications 1 Executive Stock Options 2 Valuing a Start Up 3 More on the Binomial Model 4 Shutdown and Reopening Decisions Organization :   mer. 03/02/2010 10:00 12:00 j.Ricar. (B31) mer. 10/02/2010 10:00 12:00 j.Ricar. (B31) mer. 17/02/2010 10:00 12:00 j.Ricar. (B31) mer. 24/02/2010 10:00 12:00 j.Ricar. (B31) mer. 03/03/2010 10:00 12:00 j.Ricar. (B31) mer. 10/03/2010 10:00 12:00 j.Ricar. (B31) mer. 17/03/2010 10:00 12:00 j.Ricar. (B31) mer. 24/03/2010 10:00 12:00 j.Ricar. (B31) mer. 31/03/2010 10:00 12:00 j.Ricar. (B31) mer. 21/04/2010 10:00 12:00 j.Ricar. (B31) mer. 28/04/2010 10:00 12:00 j.Ricar. (B31) mer. 05/05/2010 10:00 12:00 j.Ricar. (B31) mer. 12/05/2010 10:00 12:00 j.Ricar. (B31) Written notes :   References: Ross, Westerfield and Jaffee, (2008), "Corporate Finance", 8th edition 2008, McGraw-Hill, Ryerson. Ross, Westerfield, Jaffee, Hübner, Ducoulombier, Michel, Pirotte et Schier,(2005), "Finance Corporate", Dunod. Assessment :   written exam (3-hour exam, closed books) Contacts :   MULLER Aline : Aline.Muller@ulg.ac.be SOUGNE Danielle : Danielle.Sougne@ulg.ac.be Home Search by Faculty Search by teacher Search by course code and title
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