Attendance is required at the first class meeting on Jan 14
and at all in-class exams (Feb 11, Mar 11, Mar 13 and May 10).

Week 1: Jan 14 & 16. Chapter 1: Course Overview and Introduction.
Assignments:
1. Review the Course Syllabus. Make sure you understand all the course policies, especially how grades are determined and the CC&P (Class Contribution and Professionalism) policy.
2. Read Chapter 1.
3. Take the Chapter 1 online lecture: Part 1 and Part 2. Answer the homework questions below after reading the chapter and taking the online lecture.
4. Homework Chapter 1: Complete questions 1-19 in the homework solutions file and the textbook Mini-Case for Chapter 1.



Week 2: Wed Jan 23 only (no in-class meeting Monday). Chapter 4: The Time Value of Money
Assignments:
1. Read Chapter 4.
2. Complete textbook self-test problems 1-2 (check with answers provided in the back of the textbook).
3. Homework Chapter 4: Complete even-numbered problems 2-40 in the homework solution file.
4. TVM-Spreadsheet (optional). The spreadsheet depicts Excel solutions to many of the problems featured in the time value of money lectures.



Week 3: Jan 28 & 30. Finish Chapter 4: The Time Value of Money
Assignments (continued from previous week):
1. Read Chapter 4.
2. Complete textbook self-test problems 1-2 (check with answers provided in the back of the textbook).
3. Homework Chapter 4: Complete even-numbered problems 2-40 in the homework solution file.
4. TVM-Spreadsheet (optional). The spreadsheet depicts Excel solutions to many of the problems featured in the time value of money lectures.



Week 4: Feb 4 & 6. Chapter 5: Bond Valuation
Assignments:
1. Read Chapter 5 and Take the Chapter 5 online lecture: Introduction to Bond Pricing. Answer the questions at the end of the online lecture.
2. Complete textbook self-test problems 1-2 (check with answers provided in the back of the textbook).
3. Homework Chapter 5: Complete even-numbered problems 2-16 in the homework solution file.
4. Download the Bond Pricing Spreadsheet, which performs the calculations necessary for answering some of the homework questions.



Week 5: Feb 11 & 13. Mon: Exam #1 (Ch. 1, 4 & 5). Wed: Chapter 7: Stock Valuation
Assignments:
1. Read Chapter 7.
2. Complete self-test problems 1-2 (check with answers provided in the back of the textbook).
3. Homework Chapter 7: Complete odd-numbered problems 3-17 plus market data problems 22-24 in the homework solution file.



Week 6: Feb 18: Finish Chapter 7: Stock Valuation. Feb. 20: Begin Chapter 10: Capital Budgeting
Assignments:
1. Download the Dividend Discount Model Spreadsheet (optional). The spreadsheet illustrates the dividend discount valuation model applied to several stocks.
2. Class Discussion on Market Efficiency (required). Navigate to the BU 488 Discussion web page to watch the Mind Over Money video: BU 488 Discussion. Instructions on how to complete the assignment are contained in the study guide question file: Mind Over Money Study Guide Questions. Bring your Word file and a printed copy of your written answers to class on Feb 20.
3. Read Chapter 10 and take the Ch. 10 Online Lecture, which presents background information on capital budgeting and demonstrates how to calculate the Payback and Discounted Payback Period of a project.
4. Complete self-test problems 1a-e (check with answers provided in the back of the textbook).



Week 7: Feb 25: Finish Chapter 10: Capital Budgeting. February 27: Guest Speaker Bill Greiner
Assignments:
1. Homework Chapter 10: Complete questions and problems 1-5 in the homework solution file.
2. Download the Lecture Notes: Extended Capital Budgeting Example. Review these notes prior to lecture and bring to class.



Week 8: Mar 4 & 6. Chapter 11: Advanced Capital Budgeting
Assignments:
1. Read Chapter 11.
2. Homework Chapter 11: Questions and problems 1-5, 7 and 8 in the homework solution file.



Week 9: Mar 11 & 13. Midterm Exam #2 is administered in 2 parts on Mon. and Wed.
Assignments:
Mon: Exam #2 Part 1 (Ch. 7 & 10).
Wed: Exam #2 Part 2 (Ch. 11).



Week 10: Mar 18 & 20. No in-class meetings (Spring Break).
Assignments:
No assignments this week.



Week 11: Mar 25 & 27. Chapter 6: Risk and Return
Assignments:
1. Read Chapter 6.
2. Take the Chapter 6 online lecture: Risk Lecture Part 1 and Risk Lecture Part 2. Answer the questions and problems presented in the online lecture.
3. Homework Chapter 6: Questions 1-2 and problems 5 and 7 in the homework solutions file.
4. Download the Estimating Beta with Linear Regression spreadsheet (optional). The spreadsheet depicts examples of how to estimate and interpret a stock’s alpha and beta.



Week 12: Apr 1 & 3. Chapter 9: The Cost of Capital.
Assignments:
1. Read Chapter 9.
2. Homework Chapter 9: Questions and problems 1-3 in the homework solution file.



Week 13: Apr 8. Chapter 3: Analysis of Financial Statements. No in-class meeting Wed. We are going to combine textbook Chapters 2, 3 and 13 into an integrated treatment of Financial Analysis and Valuation, beginning with 3 in-class lectures (Apr 8, 15 & 17). As we progress through the various metrics, students will code these metrics into the MCD-Performance-Analysis-Template, following the solution in the MCD-Performance-Analysis Model. This assignment is due Fri., Apr. 26 at 5:00 pm.
Assignments:
1. Read Chapter 3.
2. Watch the following video, which will orient you to the main idea of the Financial Analysis and Valuation project (use the Full Screen option by clicking on the Full Screen button at the bottom right corner of the video window):

3. Read the first 11 pages of An Introduction to Financial Analysis and Valuation (up to the Profitability section), which presents a financial analysis of MCD, and follow the calculations depicted in the MCD-Performance-Analysis spreadsheet.
4. Download the MCD-Performance-Analysis-Template and bring to all our remaining class sessions on a flash drive so you will be ready to participate in future spreadsheet workshopping lab sessions that will help you complete your project. You can start building this spreadsheet any time -- no need to wait for further instructions.
5. Study the following teaching examples to gain additional familiarity with our analysis and valuation process: Apple, Inc. and Coca-Cola. These readings will help you see the interpretations of the financial metrics in the context of several different companies (besides the MCD vs. YUM case study I will present in class). Here are the PDFs of the MCD vs. YUM case study: MCD vs. YUM.
6. Complete the Margins, Relative Profitability, and Liquidity and Debt sections of the MCD Performance Analysis Template. Check your answers with the Performance Analysis Model solution provided above.
7. Midterm Exam #3 is distributed as a take-home exercise (covers Chapters 6 and 9). The exam is due to be turned in next Wed., Apr. 17 at 1:00 pm.



Week 14: Apr 15 & 17. Continue Chapter 3: Analysis of Financial Statements.
Assignments:
1. Complete Exam #3 (physical copy of the exam was distributed in class on Apr 8).
2. Turn in the exam Wed. Apr 17 in class at 1:00 pm.
3. Continue working on the MCD spreadsheet (due next Fri., Apr. 26).



Week 15: Apr 22 & 24. Chapter 2: Financial Statements, Cash Flow and Taxes.
Assignments:
1. Read Chapter 2.
2. Read through page 22 of the Introduction to Financial Analysis and Valuation notes.
3. Study the DuPont Analysis of ROA and ROE handout and the examples in the Equity Multiplier Example spreadsheet.
4. Download Apple’s Performance Analysis Report and Performance Analysis File. For homework -- due Monday, April 22 -- use the Performance Analysis File to type or handwrite brief analytical statements in bullet-point form describing the important information each metric reveals about Apple. Bring a printout of your work to class on April 22. If an exhibit includes a comparison with Google, your comments should focus on comparing the two firms. If not, your comments should focus on assessing Apple’s strength or weakness based on the indicator(s) shown in the exhibit. Comments should specifically focus on the level of and trend in the indicator shown in the exhibit. Your comments should not refer to anything that is not observable in the exhibit. If you choose to type your assignment, make sure the formatting of the document is preserved. Comments must appear on the same page as the exhibit to which they refer. Assignments must be stapled firmly in the upper left hand corner and have your name clearly printed on page 1.
5 Complete the Profitability, Capital, NOPAT & FCF, Cost of Capital and Value Creation sections of the MCD Performance Analysis Template. Check your answers with the Performance Analysis Model solution provided above.
6. Turn in your completed MCD Performance Analysis Template no later than 5:00 pm Fri., Apr. 26 (via email to profweigand@yahoo.com). Remember the file-naming conventions outlined in the syllabus (if your name is John Smith, the Excel file you submit should be named Smith-J.xlsx). Also remember to delete the password before submitting the file. To remove the password in Excel 2010, open the spreadsheet and navigate to File-Protect Workbook-Encrypt with Password and delete the password in the “Password” entry box. You must then re-save the Excel file for the password to remain deleted.
7. For April 24, study my online article regarding Apple (4.20.13): Apple’s Compelling Fundamentals.



Week 16: Apr 29 & May 1. Chapter 13: Valuation, Value-Based Management and Governance.
Assignments:
1. Read Chapter 13.
2. Take the Chapter 13 Online Lecture.
3. Download and review the companion spreadsheet for this chapter: Ch13ToolKit-2010.xlsx.



Week 17: Final Exam, Friday, May 10, 1:30-3:30 pm. Covers Chapters 1, 4, 5, 7, 10, 11, 6, 9, 2, 3, and 13. Here’s the link to Washburn’s Final Exam Schedule in case you need it: Final Exam Schedule