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    This document provides an overview of a managerial finance course taught by Professor Nisan Langberg. The goal of the course is to equip students with the basic tools for making efficient financial decisions by considering future cash flows and risk. The course will cover topics like time value of money, bond valuation, investment decision rules, stock valuation, and pricing risk. Students' grades will be based on homework, quizzes, and a final exam. Office hours and the course schedule are also outlined. Key resources include the textbook and the professor's website for class materials.

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    This document provides an overview of a managerial finance course taught by Professor Nisan Langberg. The goal of the course is to equip students with the basic tools for making efficient financial decisions by considering future cash flows and risk. The course will cover topics like time value of money, bond valuation, investment decision rules, stock valuation, and pricing risk. Students' grades will be based on homework, quizzes, and a final exam. Office hours and the course schedule are also outlined. Key resources include the textbook and the professor's website for class materials.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    5 views18 pages

    Managerial Finance Professor Nisan Langberg

    Uploaded by

    KabuRide
    This document provides an overview of a managerial finance course taught by Professor Nisan Langberg. The goal of the course is to equip students with the basic tools for making efficient financial decisions by considering future cash flows and risk. The course will cover topics like time value of money, bond valuation, investment decision rules, stock valuation, and pricing risk. Students' grades will be based on homework, quizzes, and a final exam. Office hours and the course schedule are also outlined. Key resources include the textbook and the professor's website for class materials.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    of 18

    Managerial Finance

    Professor Nisan Langberg


    Welcome
    Nisan Langberg
    nlangberg@uh.edu
    Office 210E

    Teaching Assistant
    Eshwar (Buvaneshwaran Venugopal)
    eshwar.gokul@gmail.com
    Goal
    Equip students with the basic tools necessary for
    making efficient financial decisions while taking
    into account future cash flows and their risk.

    Methodology
    Students will master the required theoretical
    tools and apply them to day-to-day decision of
    individuals (saving/retirement/mortgage…)
    outline

    • Logistics
    • Course schedule
    Logistics
    Class Material
    On our website
    http://www.bauer.uh.edu/nlangberg/teaching_635.htm
    Text book
    I will teach and assign problems using the book
    Corporate Finance by Jonathan Berk and Peter
    DeMarzo, Perason
    Alternative Reading
    Further/alternative reading is Brealey, Myers and Allen,
    Principals of Corporate Finance, McGraw-Hill Irwin, 8 th edition
    or higher
    Buying the book?
    I do recommend buying the book

    • The course is built around the text book


    • Excellent reference book for those to plan to
    work in the area of corporate finance
    • Taught in leading B schools around the world
    Group Assignments

    • I encourage work in groups


    • Groups are limited to four students
    Grade

    • Homework assignments: 20%


    • Quizzes: 20%
    • Final exam: 60%
    Office hours

    • 5pm before class or by appointment


    • welcome to stop by my office (210E)
    • Send specific questions by email
    Course Schedule

    (tentative)
    Course schedule
    Wednesday and Thursday classes

    August 26/27 September 3/4


    Introduction Time value of money
    Time value of money continued
    (chapters 3.1-3.3 and 4) • Annuities, perpetuities,
    • Future value growing annuities and
    • present value growing perpetuities
    • discounting stream of • Saving for retirement
    cash flows • Mortgage
    Course schedule
    September 9/10 September 16/17
    Interest rates (chapter 5) Review of Time value of money
    with TA
    • APR, EAR, Amortizing loans
    • Review of basic discounting
    • Nominal and Real interest rates principals
    • The Term Structure of Interest • Solution of homework
    Rates questions in class
    Basics of Bond Valuation (chapter 6) • Additional advanced
    • Type of bonds practice questions
    • Structure of bonds
    Quiz 1
    • Valuation

    Practice questions CH3,4 due


    Course schedule
    September 23/24 September 30/October 1
    Investment Decision Rules Stock Valuation (chapter 9)
    (chapter 7) • Investing in stocks
    • NPV, Payback period, IRR, • The Constant Dividend
    EVA Growth model
    • Multiple investment • The dividend and growth
    opportunities tradeoff
    • Resource constraints, • Changing growth rates
    Profitability Index • Application: ebay
    Practice Questions CH5/6 due Practice questions CH7 due
    Course schedule
    (Additional class) October 3 October 7/8
    9:00-12:00 (classroom TBD)
    Review of final
    Pricing Risk (chapter 10)
    • Review of material
    • Risk and return • sample exam
    • Expected return, Volatility • Students’ questions
    • Calculating realized returns
    • Excess returns
    • Systematic and Idiosyncratic risk October 15/16
    • Diversification
    • CAPM
    Final Exam
    6:00-9:00
    Questions before we start?

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