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Marburg, Germany - Course Descriptions - Investment and FinanceCourse Information
Contact Hours and CreditsSemester Session: 48 contact hours, 3 semester credits, 4 quarter creditsAvailabilityChoose a session below to view the complete description of that session. SummaryThis lecture deals with the fundamental issues related to investment and funding decisions under certainty. Full DescriptionThis lecture deals with the fundamental issues related to investment and funding decisions under certainty. The topics covered are: Funding alternatives (equity and debt funding including modern forms of funding like mezzanine debt), investment decision criteria geared to practical applications (net present value, annuity method, internal rate of return, pay-off period), arbitrage theory and the term structure of interest rates under certainty, investment theory with and without taxes (including Fisher’s Separation Theorem), working capital issues (measurement and management), simultaneous optimization of investment and funding decisions (Dean’s model, extended model of Hirshleifer). Target skills Students are equipped with an overview over important investment and funding alternatives. Moreover, they should master the fundamentals of investment and funding decisions under certainty. In particular, they should be able to understand the limitations of investment decision criteria geared to practical applications. The course will be held in German, the accompanying tutorial in English.
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