FUND/DERIVATIVE SECURITIES College: Restricted to  SBA; Class: Restricted To  JR SR PB
FIN 441

Winter 2016
Your team should take the role of a consultant and answer The Big Question:
How should Termeer respond?
At a minimum, address these issues:
1. Discuss the business model for Genzyme.
The company is organized into four major segments: genetic disorders, ca
FUND/DERIVATIVE SECURITIES College: Restricted to  SBA; Class: Restricted To  JR SR PB
FIN 441

Winter 2016
Exam 1 Study Guide
Reminder: The format of this exam is similar the optional chapter quizzes and inclass
quizzes with additional emphasis on the class activities. Please bring the following items
with you:
1.
2.
3.
4.
Scantron (like 882E) and Calculator
FUND/DERIVATIVE SECURITIES College: Restricted to  SBA; Class: Restricted To  JR SR PB
FIN 441

Winter 2016
FIN 441
Homework # 4 (100 points)
You must show appropriate equations (whenever applicable) and detailed
calculations to earn credit. Homework must be typed with oneinch margin
on all sides.
1.
A grain elevator operator bought a futures contract for 5,00
FUND/DERIVATIVE SECURITIES College: Restricted to  SBA; Class: Restricted To  JR SR PB
FIN 441

Winter 2016
1. A _ systematically records process activities, their key attributes, and their
sequence. Process flow table
2. Which of the following symbols requires more analysis: ?
3. A _ activity moves the product closer to the form or location that the
customer d
FUND/DERIVATIVE SECURITIES College: Restricted to  SBA; Class: Restricted To  JR SR PB
FIN 441

Winter 2016
1. Joe Jones was asked to undertake a project to determine the resources and capacity his
firm would need in the next three to 10 years. These types of decisions are considered
to be: Structural aspects of operations management.
2. An example of strategic
FUND/DERIVATIVE SECURITIES College: Restricted to  SBA; Class: Restricted To  JR SR PB
FIN 441

Winter 2016
1. Operations managers answer questions of what, how, when, where, and who by defining
both the _ and _ aspects of the operations management
system. Structural and infrastructural
2. Which of the following functions would NOT have to think about "processe
FUND/DERIVATIVE SECURITIES College: Restricted to  SBA; Class: Restricted To  JR SR PB
FIN 441

Winter 2016
CHAPTER 3
1. Which of the following actions will NOT increase output? Managing the flow of
work into the system.
2. Most processes involve two basic types of flows: Information flows and physical
flows.
3. If a company can eliminate all sources of varianc
FUND/DERIVATIVE SECURITIES College: Restricted to  SBA; Class: Restricted To  JR SR PB
FIN 441

Winter 2016
CHAPTER 3S
1. The first step in process mapping and analysis is to: Determine the desired outcome
for the process and the associated metrics needed to evaluate its performance
2. The last step in process mapping and analysis is to implement the changes an
FUND/DERIVATIVE SECURITIES College: Restricted to  SBA; Class: Restricted To  JR SR PB
FIN 441

Winter 2016
Chapter 1: Introduction
The attitude here is that derivatives have, on the whole, been a
tremendously positive force around the world. In all these
countries they impose market discipline and force supervisors
to rethink their rules and regulations.
David
FUND/DERIVATIVE SECURITIES College: Restricted to  SBA; Class: Restricted To  JR SR PB
FIN 441

Winter 2016
Chapter 2: Structure of Options Markets
There weren't many traders at the sharp end
over thirty. Eyes flitting between flickering
lines of information on four different screens,
one ear on the phone, the other on the cries
of the colleagues, twelve hours
FUND/DERIVATIVE SECURITIES College: Restricted to  SBA; Class: Restricted To  JR SR PB
FIN 441

Winter 2016
Homework #3
1) The stock price five months from the expiration of an option is $42,
the exercise price of the option is $40, the continuously compounded
riskfree interest rate is 11% per annum, and the volatility () is 21%
per annum.
A. Calculate the pri
FUND/DERIVATIVE SECURITIES College: Restricted to  SBA; Class: Restricted To  JR SR PB
FIN 441

Winter 2016
1. _ is any activity that moves an input from one place to another
without transforming its other characteristics. Transportation
2. Little's Law suggests that the key to increased throughput is: Shorter flow times.
3. A manager is currently unhappy with
FUND/DERIVATIVE SECURITIES College: Restricted to  SBA; Class: Restricted To  JR SR PB
FIN 441

Winter 2016
Exam 2 Study Guide
Reminder: The format of this exam is similar to Exam 1 with more emphasis on the class
material (half of the multiple choice questions and the essay questions are from the class
activities). Please bring the following items with you:
1.
FUND/DERIVATIVE SECURITIES College: Restricted to  SBA; Class: Restricted To  JR SR PB
FIN 441

Winter 2016
Fin 449 Valuation
Midterm valuation project assignment
Prof. Rogers
Spring 2017
Assigned: Thursday, April 27, 2017
Due: Thursday, May 11, 2017 (no later than beginning of class session)
Student should submit a hard copy of Word or PDF document no later
FUND/DERIVATIVE SECURITIES College: Restricted to  SBA; Class: Restricted To  JR SR PB
FIN 441

Winter 2016
Fin 449
Valuation Case Assignment
Instructions: Students should value the equity of the subject company introduced in the short
discussion to follow. Unless otherwise stated, students should estimate value by forecasting free
cash flows through income sta
FUND/DERIVATIVE SECURITIES College: Restricted to  SBA; Class: Restricted To  JR SR PB
FIN 441

Winter 2016
Draft Date: March 13, 2017
FIN 449
Final Company Valuation Group Project
Prof. Rogers
Spring 2017
Assignment Objectives:
1) To prepare you for conducting largescale, teambased analytic projects.
2) To gain an understanding and appreciation for the intri
FUND/DERIVATIVE SECURITIES College: Restricted to  SBA; Class: Restricted To  JR SR PB
FIN 441

Winter 2016
Fin 449
Valuation Case Assignment
Instructions: Students should value the equity of the subject company introduced in the short
discussion to follow. Unless otherwise stated, students should estimate value by forecasting free
cash flows through income sta
FUND/DERIVATIVE SECURITIES College: Restricted to  SBA; Class: Restricted To  JR SR PB
FIN 441

Winter 2016
Fin 449 Valuation
OV E RV I E W OF CO U R S E
S Y L L AB U S
P R OF. D A N R O G ER S
Places & contact info
Classroom location:
KMC/SBA teaching lab on 5th floor (560)
My office location: SBA/KMC 660V
Email: [email protected] (preferred method
of contact)
FUND/DERIVATIVE SECURITIES College: Restricted to  SBA; Class: Restricted To  JR SR PB
FIN 441

Winter 2016
Fin 449
Valuation Case Assignment
Instructions: Students should value the equity of the subject company introduced in the short
discussion to follow. Unless otherwise stated, students should estimate value by forecasting free
cash flows through income sta
FUND/DERIVATIVE SECURITIES College: Restricted to  SBA; Class: Restricted To  JR SR PB
FIN 441

Winter 2016
Fin 441 HW # 1 Answer Key
1. 7.76%
2.
July 160
Oct 155
Aug 170
IV
5.13
10.13
0
TV
0.87
3.87
3.20
LB
5.44
12.66
0
July 165
Aug 160
Oct 170
IV
0
0
4.87
TV
2.35
2.75
4.13
LB
0
0
2.10
3.
4.
July 155
Aug 160
Oct 170
Put + Stock
165.33
167.88
174.13
Call + PV o
FUND/DERIVATIVE SECURITIES College: Restricted to  SBA; Class: Restricted To  JR SR PB
FIN 441

Winter 2016
HW #2 Solutions
1.
(a) 25(1.15) = 28.75 and 25(0.85) = 21.25
(b) Cu = Max (0, 28.75 25) = 3.75 and Cd = Max (0, 21.25 25) = 0
(c) p = (1.10 0.85)/(1.15 0.85) = 0.8333 and 1 p = 0.1667
C = [(0.8333)(3.75) + (0.1667)(0.0)]/1.10 = 2.84
(d) h = (3.75 0.0)/(28
FUND/DERIVATIVE SECURITIES College: Restricted to  SBA; Class: Restricted To  JR SR PB
FIN 441

Winter 2016
Talking to Whitworth about their ideas in which they both get to an answer,
were both of them compromise some of their demands for the greater good.
Letting him know that he isn't their only investor. Theyre many other investors
who invested in Genzyme fo
FUND/DERIVATIVE SECURITIES College: Restricted to  SBA; Class: Restricted To  JR SR PB
FIN 441

Winter 2016
Memorandum
To:
Professor Michael Dimond
From:
Huthayfah Almania
Date:
4/26/16
Re:
Comparing and Contrasting Financial Figures
Having being a Business Administration student I kept hearing about one of the most important
financial figures in our generation
FUND/DERIVATIVE SECURITIES College: Restricted to  SBA; Class: Restricted To  JR SR PB
FIN 441

Winter 2016
Huthayfah Almania
Eleanor Wynn, PhD
BA 385003
Quiz #2
April 7, 16
1. What is the difference between the "real market" and the "expectations
market"?
The real market is what all businesses has to do, where at they products are
designed and produced, real
L eadership Styles:
Even though I wished to use the Authoritative style with the team, I felt that the
absence of harmony between the team prevented me from doing so. Being a service
department, there was no vision to work towards, nor there was a clear d
L eadership Approaches:
Different leadership approaches had to be taken for resolving my teams problems.
W ith Ken and Brian, I had to use enabling leadership; where with Dan, I had to use
forceful leadership. I could not use enabling leadership with Dan;