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FINANCE 100 Sections 001, 002, and 003
A. Craig MacKinlay Fall 2009
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Important Dates:
Midterm Exam I: Monday, October 12, 2009 - 6:00 pm to 7:30 pm
Midterm Exam II: Wednesday, November 11, 2009 - 6:00 pm to 8:00 pm
Final Exam: Wednesday, December 16, 2009 - 3:00 pm to 5:00 pm
Sample Exams (password required)
Assignments:
Assignment 1 - Each student must hand in her/his own solution.
However, you are allowed to work with a classmate
solving this case.
Due date: Tuesday, November 3, 2009
This cover page must be used when handing in your
assignment.
Assignment 2 - Each student must hand in her/his own solution.
However, you are allowed to work with a classmate
solving this assignment.
Due date: Tuesday, November 24, 2009
This cover page must be used when handing in your
assignment.
Data file: f100-data-2009.xls
S&P Technology Sector ETF fact sheet: igm.pdf
Handouts:
Interest Rate Exercise (not to be handed in)
McKinsey Article on IRR (optional reading)
Practice Capital Budgeting Problem
Statistics Review (For risk-return analysis)
Efficient Market Theory and the Financial Crisis
This is an article from the WSJ (October 27, 2009) by Jeremy Siegel related to Efficient Markets.
Suggested Problems:
Below are suggested problems from the course text. However, one need
not limit themselves to these problems -- most of the end-of-chapter
problems in the "Questions and Problems" section are appropriate.
Chapter 4 - Discounted Cash Flow Valuation - 3, 4, 6, 12, 13, 15, 26,
27, 28, 30, 34, 41, 52, 56, 57, and 68.
Chapter 5 - How to Value Bonds and Stocks - 2, 3, 10, 11, 14, 16,
17, 22, 25, 34, 36, and 40. Note that the
textbook bond problems with semi-annual
payments give the YTM as an
annual rate compounded semi-annually (ra,2).
Chapter 5 Appendix (linked below) - Forward Rates -
1, 2, 3, and 4.
End of material for Midterm I
Chapter 6 - Net Present Value and Other Investment Rules -
1, 5, 8, 10, 13, 15, 16, 19, and 26.
(Optional Problem Set 2 also has problems)
Chapter 7 - Making Capital Investment Decisions - 1, 3, 4, 5*,
12, 16, 20, 38, and 40a. (*Solution has typo -
second last line on page should have the taxable
gain multiplied by 0.65 to make it after tax
(not 0.35).)
(Optional Problem Set 2 also has problems)
Chapter 9 - Risk and Return - 1, 2, 7, 13, 17, 22, and 24.
(Optional Problem Set 3 also has problems)
Chapter 10 - Return and Risk - 2, 3, 5, 6, 10, 11, 13, 17, 25, 27,
31, 32, and 35.
(Optional Problem Set 3 also has problems)
End of material for Midterm II
*****
Below are suggested problems from the old (7th) edition of the course text.
Chapter 4 - Net Present Value - 4.7, 4.12, 4.15, 4.19, 4.23, 4.26,
4.30, 4.35, 4.42, 4.46, 4.50, 4.54
Chapter 5 - Valuation of Stocks and Bonds - 5.1, 5.4, 5.7, 5.10, 5.13,
5.18, 5.20, 5.26, 5.29, 5.34, 5A.1, 5A.3
End of material for Midterm I
Chapter 6 - Some Alternative Investment Rules - 6.2, 6.3, 6.7, 6.8,
6.10, 6.13, 6.15, 6.18, 6.19, 6.27
(Optional Problem Set 2 also has problems)
Chapter 7 - NPV and Capital Budgeting - 7.1, 7.6, 7.7, 7.10, 7.11,
7.21, 7.23, 7.31, 7.36, 7.41
(Optional Problem Set 2 also has problems)
Chapter 9 - Capital Market Theory - 9.1, 9.2, 9.5, 9.11, 9.17, 9.19
(Optional Problem Set 3 also has problems)
Chapter 10 - Risk and Return - 10.3, 10.4, 10.5, 10.7 (σMAC=8%, σI=20%),
10.12, 10.19, 10.24, 10.27, 10.29, 10.30,
10.38, 10.39, 10.40
(Optional Problem Set 3 also has problems)
End of material for Midterm II
*****
Contact Information
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| Office: SHDH 3255 (Finance Suite) | Email Professor MacKinlay |
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Teaching Assistants | |
| Britt Danneman | danneman@wharton.upenn.edu | |
| Dillon Forrest | zforrest@wharton.upenn.edu | |
| Halley Goodman | halleymg@wharton.upenn.edu | |
| Wang Liao | wliao@wharton.upenn.edu | |
| Allen Liu | liuallen@wharton.upenn.edu | |
| Yuv Chandra Pathuri | ypathuri@wharton.upenn.edu | |
| John Thomas | jvthomas@wharton.upenn.edu |
Teaching Assistants' Office Hours
Day Time TA Cubicle
Monday 12 pm – 1pm Britt Danneman B
1 pm – 2 pm Dillon Forrest B
3 pm – 4 pm Yuv Chandra Pathuri B
5 pm – 6 pm Wang Liao D
Tuesday 11 am – 12 pm Halley Goodman A
12 pm – 1 pm Allen Liu A
2 pm – 3pm John Thomas A
3 pm – 4 pm Wang Liao C
Wednesday 12 pm – 1 pm Britt Danneman B
1 pm – 2 pm Dillon Forrest B
2 pm – 3 pm Halley Goodman B
3 pm – 4 pm Yuv Chandra Pathuri B
Thursday 12 pm – 1 pm Allen Liu A
3 pm – 4 pm John Thomas C
All Teaching Assistant office hours are held in the TA cubicles located in SH-DH 2300
to the right of the main desk of the Finance Department.
| TA Office Hours Schedule (pdf) |
Corporate Finance (RWJ) Textbook Appendices:
Problem Sets (optional):
More Problems:
Below are problems with solutions from an early edition of Corporate Finance.
You may find these useful if you want even more problems.
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