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This course focuses on how a firm should raise funds to finance its projects. Learners will be exposed to a theoretical frameworks to analyze how financial policies can create value for a firm in a world with “frictions” such as bankruptcy costs, taxation policy, and information problems. The course covers topics such as debt and equity management, their relative attractiveness under different tax rules.
Assessment
This course does not involve any written exams. Students need to answer 5 assignment questions to complete the course, the answers will be in the form of written work in pdf or word. Students can write the answers in their own time. Each answer needs to be 200 words (1 Page). Once the answers are submitted, the tutor will check and assess the work.
Certification
Edukite courses are free to study. To successfully complete a course you must submit all the assignment of the course as part of the assessment. Upon successful completion of a course, you can choose to make your achievement formal by obtaining your Certificate at a cost of £49.
Having an Official Edukite Certification is a great way to celebrate and share your success. You can:
- Add the certificate to your CV or resume and brighten up your career
- Show it to prove your success
Course Credit: University of Michigan
Course Curriculum
| Module: 01 | |||
| Introduction to Courses 3 & 4 | 00:04:00 | ||
| Introduction and A Few Examples from the Real World | 00:15:00 | ||
| A Few More Examples in Corporate Finance | 00:10:00 | ||
| Information, Incentive, and Interest Framework | 00:11:00 | ||
| Valuing a Company | 00:04:00 | ||
| Free Cash Flow to Firm | 00:16:00 | ||
| Module: 02 | |||
| WACC and APV | 00:07:00 | ||
| Intuition Behind Risk-Return Tradeoff | 00:14:00 | ||
| Beta: From Intuition to Model | 00:13:00 | ||
| From Risk to Return: Cost of Equity | 00:12:00 | ||
| Cost of Debt – I | 00:12:00 | ||
| Cost of Debt – II | 00:07:00 | ||
| Module: 03 | |||
| Expected vs. Promised Return on Debt | 00:17:00 | ||
| Leverage and Cost of Equity | 00:14:00 | ||
| Effect of Financing on Value: Frictionless World | 00:09:00 | ||
| Leverage and Value: I | 00:14:00 | ||
| Leverage and Value: III | 00:08:00 | ||
| Leverage and Value: III | 00:08:00 | ||
| Module: 04 | |||
| Taxes and Firm Value | 00:11:00 | ||
| Leverage and Firm Value with Taxes | 00:18:00 | ||
| Leverage and Firm Value: WACC vs. APV | 00:05:00 | ||
| Trade-off Model I | 00:11:00 | ||
| Trade-off Model II | 00:15:00 | ||
| Trade-off Model III | 00:13:00 | ||
| Module: 05 | |||
| Trade-off Model: Putting It All Together | 00:18:00 | ||
| Information Friction | 00:20:00 | ||
| Debt-Equity Conflicts: I | 00:17:00 | ||
| Debt-Equity Conflicts: II | 00:16:00 | ||
| Managerial Agency Problem | 00:14:00 | ||
| Assessment | |||
| Submit Your Assignment | 00:00:00 | ||
| Certification | 00:00:00 | ||
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