Advanced corporate finance
Mr Peter Howard and Mr Adam Steen
One 3-hour session per week
* First semester
* Clayton
*
Prerequisites: AAF9020
Objectives On completion of this subject students should understand the main issues involved in the corporate dividend and capital structure decisions; be familiar with the analysis of financial leases; understand the characteristics, uses and pricing of futures contracts and options; understand the motives for takeovers and corporate restructuring transactions and be aware of the empirical evidence on their effects; be able to solve capital budgeting problems under alternative corporate tax systems.
Synopsis This subject uses and extends the theories and analytical tools developed in AAF9020. Topics to be examined include capital structure (theory and evidence), leasing, dividend policy, mergers and takeovers (including empirical evidence, legal aspects, valuation and financing), derivative securities (options and futures), capital budgeting under the imputation tax system.
Assessment Written (2000 words): 20%
* Examination (3 hours):
*
80%
Prescribed texts
Brealey R and Myers S Principles of corporate finance 5th edn, McGraw-Hill, 1996
| Published by Monash University, Clayton, Victoria
3168 Copyright © Monash University 1996 - All Rights Reserved - Caution Authorised by the Academic Registrar December 1996 |