Corporate Finance
FIN 5063
SPRING 1 - 2025
Course Description: This course focuses on the financial management of both publicly held and private corporations. Students are presented with a conceptual framework for addressing problems commonly faced by corporate decision makers and are provided opportunities to apply these concepts to contemporary business situations. Topics covered include but are not limited to: time value of money, the relationship between risk and return including the capital asset pricing model, the valuation and role of debt and equity, capital budgeting/project evaluation techniques, cost of capital, cash flow estimation, project risk analysis, real options, company valuation, and capital structure decisions.
Learning Outcomes: Upon completion of this course, the student should be able to:
1. Assess the role of financial markets and institutions in allocating capital across the economy. (LO1)
2. Compare advantages and disadvantages of different sources of corporate funds. (LO2)
3. Evaluate projects based on expected annual cash flows, and a given discount rate. (LO3)
4. Estimate equity beta for public and private companies, the cost of debt and equity, and the resulting cost of capital. (LO4)
5. Examine the relationship between ethics, social responsibility, government regulation, and maximizing shareholder wealth. (LO5)
Prerequisites: None
Required Text: Higgins, R, Koski, J, & Motton, T. (2023). Analysis for Financial Management (13th ed) McGraw-Hill. Connect Access is required for this course.
Other Materials: All other materials are provided within the course. Refer to the References section of the syllabus for additional details on course materials.
Course Requirements: Learners are expected engage with all learning materials, participate in activities, and submit all assessments.
Attendance/Participation: All students are expected to log in to their courses regularly throughout the week to receive instruction, materials, and updates from the instructor. It is your responsibility to check in and submit your assignments, complete your discussion board postings, and finish quizzes and exams by the due dates.
If you do not participate in the course, you will be counted absent. Simply logging in is not enough; you must submit/complete an assignment, post to a discussion board, or other similar assignment tasks to avoid being counted absent. Instructors are required to submit attendance the Monday following each week of class.
This attendance is reported to the Financial Aid Department and may result in the loss of any financial aid refund you are expecting if you have not been participating in your courses. In addition, you will be administratively dropped from the course if you are reported absent a total of three weeks.
Students are required to demonstrate class attendance by regular participation in all of the assigned activities and assignments, during each week of the class.
Grading/Evaluation:
|
Category
|
Overall Course Grade Weight
|
Points
|
|
Discussions (7 @ 20 pts)
|
|
140
|
|
Quizzes (1 @ 40, 1 @ 30, 5 @ 20)
|
|
170
|
|
Application Problems (2 @ 40, 5 @ 20)
|
|
180
|
|
Writing Assignment (1 @ 40)
|
|
40
|
|
Course Project Paper
|
|
100
|
|
Course Project Presentation
|
|
100
|
|
Total
|
100%
|
730
|
Trine Graduate Grading Scale:
|
Grade
|
Percentage
|
Quality Points
|
Meaning of Grade
|
|
A
|
93-100
|
4.0
|
Excellent
|
|
B+
|
86-92
|
3.5
|
Very Good
|
|
B
|
81-85
|
3.0
|
Good
|
|
C+
|
75-80
|
2.5
|
Above Average
|
|
C
|
70-74
|
2.0
|
Average (lowest passing grade)
|
|
F
|
00-69
|
0.0
|
Failure
|
|
I
|
Incomplete
|
Not figured into GPA
|
|
|
IP
|
In Progress (grade deferred)
|
Not figured into GPA
|
|
|
W
|
Withdrawal
|
Withdrawal before
completion of 80% of semester
|
|
|
WP
|
Withdrawal
|
Withdrawal after
completion of 80% of semester issued only under special
circumstances and with approval of the department
chair/director
|
|