FIN 3523 Financial Investment Analysis - RESIT EXAMINATION
FIN 3523 Financial Investment Analysis - RESIT EXAMINATION
Due to changes in the curriculum, for Bachelor Programme in Finance, this course is not taught in autumn 2017. Last lectures was offered in autumn 2016, and the next lectures will be scheduled autumn 2018. In autumn 2017, it will however, be offered a re-sit, and evaluation form will be a three (3) hour, individual written exam, which counts 100% of the final grade.
This course intends to provide an understanding of the investment environment and process. The investment environment includes the kinds of marketable securities that exist and where and how they are bought and sold. The process is concerned with decision-making, how much to invest in each security and when to make these investments. The course also focuses on the valuation of the different securities.
Upon completion of the course, students shall comprehend key concepts and the analytics of financial investment analysis such as;
- expected returns and idiosyncratic as well as portfolio risks;
- the concept of diversification;
- risk parameter estimation;
- immunizing a portfolio of fixed-income securities (bonds) against fluctuating interest rates.
Upon completion of the course, students are required to master tasks such as;
- calculating estimates of expected return and risk from a series of past returns
- applying modern portfolio theory for finding optimal investment portfolios
- calculating required rates of return and risk based on various asset pricing models
- calculating yields to maturity on bonds
- calculating duration in order to estimate the interest rate sensitivity of a fixed-income security and a portfolio of securities
Upon completion of the course, the students shall be able to ask critical questions and reflect on crucial assumptions and theories within the field of financial investments.
- Bond Valuation and the Term Structure of Interest Rates
- Bond Portfolio Management
- Stock Valuation Models
- Financial Data Analysis
- Risk and Expected Return
- Modern Portfolio Theory
- Equilibrium in Capital Markets
- Performance Evaluation
The course will include a combination of lectures and tutorials where solutions to exercises will be explained.
Specific Information regarding any aspect of performance assessment will be provided in class. It is the student's responsibility to obtain this information. Please note that while attendance is not compulsory, it is the student’s responsibility to obtain any information provided in class that is not included on the course homepage/itslearning or in the text book. Homepages and/or itslearning are not designed for the purpose of students who choose not to attend class.
Students are recommended to use computer-based tools, e.g. spreadsheets. Such tools, however, are not allowed at the examination.
This is a course with continuous assessment (several exam components) and one final exam code. Each exam component is graded by using points on a scale from 0-100. The components will be weighted together according to the information below in order to calculate the final letter grade for the examination code (course). Students who fail to participate in one/some/all exam elements will get a lower grade or may fail the course.
The final grade in the course will be based on the following components and weightings:
- 30% class work in the form of a midterm (10%) and two homework assignments (10% each).
- 70% 3-hour written final exam.
You will find detailed information about the point system and the cut off points with reference to the letter grades on the course site on itslearning. Specific information regarding student evaluation beyond the information given in the course description will be provided in class. This information may be relevant for requirements for term papers or other hand-ins, and/or where class participation can be one for several elements of the overall evaluation.
Higher Education Entrance Qualification.
BØK 3423 Finance or equivalent.
| Assessments |
|---|
Exam category: Submission Form of assessment: Written submission Invigilation Weight: 100 Grouping: Individual Support materials:
Duration: 3 Hour(s) Exam code: FIN 35231 Grading scale: ECTS Resit: Examination when next scheduled course |
| Activity | Duration | Comment |
|---|---|---|
Teaching | 36 Hour(s) | |
Other in classroom | 6 Hour(s) | Tutorials where exercises will be explained |
Prepare for teaching | 83 Hour(s) | |
Submission(s) | 30 Hour(s) | Preparation of home assignments |
Examination | 45 Hour(s) | Exam incl. preparations |
A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 7,5 ECTS credit corresponds to a workload of at least 200 hours.