A substantial portion of this course will be quantitative in nature and therefore requires you to use Microsoft Excel (or equivalent) and to be familiar with basic statistical concepts such as mean, variance, standard deviation and correlation. Furthermore, basic calculus and algebra skills are a necessity.

This course provides an in-depth discussion of fundamental principles related to corporate
finance. The main objectives of this class include understanding: a) how to value a project, b) how securities are priced c) how to finance a project.
Though we consider the viewpoint of corporate investment professionals, the primary focus in
this course centres on personal financial decisions. Therefore, as we move through the material
in this course, it's a good idea to ask yourself, "How would the material covered in this class
affect my real-world investment decisions?"

Main Topics
Topic 1 Introduction to Corporate Finance
Topic 2 Net present Value and Other Investment Criteria/Making Investment Decisions with the
NPV rule
Topic 3 Valuing Bonds
Topic 4 Valuing Common Stocks
Topic 5 Risk and Return/Capital Asset Pricing Model
Topic 6 Corporate Financing/How much should a corporation borrow?

• 1.  (A) Brealey, Mayers and Allen Principles of Corporate Finance McGraw-Hill, USA, 2017 » Pagine/Capitoli: 1,2,3,4,5,6, 7, 8, 14, 18

The slides of the course will be made available on the professor's web page.
Additional material (eg. discussion papers) will be also made available on the professor's web page before class.

• Lectures, practical exercises and case studies

• The final score relative to the course will be calculated as follows:
  
  1) In class and take-home assignments (20%)
  2) Final project (30%)
  3) Final written exam (50%)
  
  The Final Exam will be a combination of multiple choice questions, short answer questions and numerical problems. In-class examples and the problems from the homework assignments should serve as good exam preparation tools.
  
  Group Project (up to 3 students)
  You need to select a company and make a presentation on the last day of class which will include the main topics of the course:
  o Business description and background history
  o Corporate governance and remuneration policy
  o Shareholder's composition
  o Firm investments
  o Financial analyst opinions
  o Fundamental analysis
  . Expected return - capital asset pricing model (CAPM)
  . Dividend Discount Model
  . Discount cash flows Model
  . Comparison Analysis with market multiples
  o Capital structure, Credit Rating and dividend policy
  
  

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English