F303: Intermediate Investments Syllabus – Fall 2018 Professor Jordan Martel Email [email protected] Office HH6151 Office Hours Tuesdays and Thursdays, 10:00 AM to 11:00 AM Website (Canvas) COURSE DESCRIPTION This course provides a rigorous treatment of the core concepts of investments for finance majors. It broadly covers financial instruments, such as equity, fixed income, and derivative securities, as well as key concepts in international finance. It makes use of spreadsheet modeling to implement financial models. In our first unit, we will discuss theories of risk, emphasizing their applications to equity securities. In our second unit, we will discuss fixed-income securities (pricing, yields, etc.) and the term structure of interest rates. In our third unit, we will discuss the pricing of derivative securities. COURSE MATERIALS The textbook for this course is Essentials of Investments , 10th Edition, by Bodie, Kane, and Marcus (BKM). It is available on Canvas through McGraw Hill Connect. A financial calculator is required for all lectures and exams. 1
GRADE POLICY Your final score will be computed using the following weights: Pop Quizzes 10% Problem Sets 20% Midterm Exams 40% (20% each) Final Exam 30% Grading is done on a relative basis: your final grade will depend on how your overall score for the course ranks among your classmates. Following standard finance department policy, the average GPA will fall between 2.70 and 3.00. EXAMS Exams will be administered on the following dates: Midterm 1 : September 20th (in class) Midterm 2 : October 25th (in class) Final Exam : December 14th The exams are closed book and closed notes. You will be provided with a formula sheet. Final determination of the material covered by each exam will be made before the exam, based on our progress. The date, time, and location of the final exam is subject to change. Please consult the registrar’s webpage the week before final exams. The final exam is cumulative. EXAM POLICIES Please bring a photo ID to each exam. Seating will be randomized. A formula sheet will be provided to you, and posted on Canvas prior to the exam. You are responsible for bringing a financial calculator to the exam. You must take all exams at the date, time, and location for which they are scheduled. I do not schedule make-up exams except for the final exam. If you miss one midterm exam, the grade portion of that exam will be accumulated to the grade portion of your final exam. If you miss both midterms, only one can be replaced by the final exam. Make-up final exams will be given only for family or medical emergencies. Prior notice and hard evidence is required. There is no guarantee that the make-up final will have the same level of difficulty and the same type of questions as the common exam.
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