BØK 2213 Finance II - RE-SIT EXAMINATION

APPLIES TO ACADEMIC YEAR 2012/2013

BØK 2213 Finance II - RE-SIT EXAMINATION

Responsible for the course
Geir Bjønnes

Department
Department of Financial Economics

Term
According to study plan

ECTS Credits
6

Language of instruction
Norwegian

Introduction

    Objective
    The first objective of this course is to understand how managers of corporations make decisions regarding how corporations are financed and how they pay out dividends. To begin to understand these students need to consider what an e.cient financial market is and why e.ciency in financial markets is important for these decisions. Managers can finance investments through raising equity or debt. The decision regarding how much debt relative to equity should be used will form an integral part of this section of the course. Moreover students will learn how the choice between debt and equity can influence the capital budgeting decision discussed in Finance I. The second objective of the course is to give students a basic understanding of a set of additional topics in finance. These are related to the issuance of securities, the decision of whether to buy or lease, merger and acquisition activity, risk management and issues in international finance.

    Prerequisites
    BØK 2212 Finance I

    Compulsory reading
    Books:
    Berk, Jonathan and Peter DeMarzo. 2009. Corporate finance. 2nd ed. Boston : Prentice Hall. Ny utgave ventet mars 2010

    Recommended reading

    Other:
    Eksamensoppgavesamling med løsningsforlag i finans. 1997. Oslo: BI Forlag


    Course outline
    Part I: Financing
    • Efficient Markets
    • Long Term Financing
    • Debt or Equity?
    • Capital Budgeting: APV
    • Dividend Policy
    Part II: Topics in finance
    • Issuing securities
    • Leasing
    • Derivatives and Risk Management
    • Merger and Acquisition Strategy
    • International Finance

    Computer-based tools
    Students are recommended to use computer-based tools, such as spreadsheets and statistical software. Such tools, however, are not allowed at the examination.

    Course structure
    The course is based on 36 teaching hours, primarily presentations and discussions of the readings assigned to the topics listed above. Students are expected to have read the material before each class meeting. In addition to regular lecturing, there will be 6 hours of problemsolving.


    Examination
    A three-hour multiple-choice exam concludes the course.

    Examination code(s)
    BØK 22131 - Three hour multiple choice exam, counts 100% of the grade in BØK 2213 Finance II, 6 credits.

    Examination support materials
    Interest tables and BI-approved exam calculator are permitted during the exam. TEXAS INSTRUMENTS BA II Plus™
    Exam aids at written examinations are explained under exam information in our web-based Student handbook. Please note use of calculator and dictionary. http://www.bi.edu/studenthandbook/examaids.

    Re-sit examination
    This course was lectured for the last time spring 2011. Then a re-sit exam will be offered every term from autumn 2011 up to and including spring 2013.

    Additional information

    Semester

    Oversettelser