Intermediate Finance. (3 h)

Required for all finance majors and is intended as preparation for upper level electives. It provides an examination of financial decision-making under uncertainty stressing practical applications of technology. Topics include yield curves and interest rate risk; the uses and risks of derivative securities; capital structure and the impact of leverage; statistical estimation of the cost of capital for the firm and its projects; financial statement forecasting (pro forma); and discounted cash flow valuation of the firm. The course incorporates electronic spreadsheet applications (Excel) in problem solving, statistics and financial modeling. P- BEM 201 and FIN 231 with C or better; C- FIN 203 ; or prerequisite override required. (ACC majors are exempt from Applied Quantitative Analysis requirement).