Date

Topic/Text chapters

Case

Assignments/Readings (hours expected)

Feb. 27

Introduction (BMA 1,28/RWJJ 1-3)

(6 hours)

Mar. 5

Capital budgeting (BMA 2 ,5-6 /RWJJ 4-6)

(8 hours)

Mar. 12

Stock and bond valuation (BMA 3-4/RWJJ 8-9)

(8 hours)

Mar. 19

Risk & return (BMA 7-8/RWJJ 10-11)

Mar. 26

Cost of capital (BMA 9/RWJJ 13)

EVA (BMA 28), Valuation

*Best practices in estimating the cost of capital: An update (9 hrs)

Apr. 2

Holiday, no class

Apr. 9

EVA

In-class case

(Cost of capital)

*The real key to creating wealth

Evidence on EVA (9 hours)

Apr. 16

EVA

Payout Policy (BMA 16/RWJJ 19)

Valmont

(EVA)

Excess cash and shareholder payout strategies (10 hours)

Apr. 23

Payout Policy (BMA 16/RWJJ 19)

*Reappearing dividends (9 hours)

Apr. 30

Payout Policy (BMA 16/RWJJ 19)

Capital structure (BMA 18/RWJJ 16)

Rockboro

(Payout)

Agency costs of free cash flow, corporate finance, and takeovers (10 hours)

May 7

Capital structure (BMA 18/RWJJ 16)

*How to choose a capital structure (8 hours)

May 14

Field trip, no class

May 21

Capital structure (BMA 18/RWJJ 16)

M & A (BMA 31/RWJJ 29)

Deluxe

(Leverage)

(10 hours)

May 28

M & A (BMA 31/RWJJ 29)

Creating value with mergers and acquisitions (9 hours)

Jun. 4

M & A (BMA 31/RWJJ 29)

Sanofi (M&A)

(10 hours)

Jun. 11

IPO

(6 hours)

Jun. 18

Final Exam

(12 hours)