The objective of the class is to provide students with the tools to assess the value of the firm financial resources. The first sessions will be focused on the three main financial asset categories: - Debt - Equity - Options The understanding of the rational used to value those assets will provide the building blocks that will be used to understand and value more complex instruments (convertible bonds, hybrid debt, etc.). The use of option theory will also provide us a useful tool to understand the financial structure of the firm. Evaluation: exercises given at the end of each sessions. No final exam. Useful readings: On introduction to corporate Finance: "Principles of Corporate Finance ", Richard A. Brealey, Stewart C. Myers, Franklin Allen, McGraw-Hill Education On options: "Options, Futures, and Other Derivatives", John C. Hull, Pearson On options and corporate finance: "Options et finance d'entreprise", Thomas Bouvet, Henri Philippe, Economica (in French...) No particular prerequisites required. However, a basic knowledge of corporate finance will definitely help. |