Introduction to Finance

Dr. George Blazenko

 

Caution In accordance with the Academic Honesty Policy (T10.02), academic dishonesty in any form will not be tolerated. Prohibited acts include, but are not limited to, the following: making use of any books, papers, electronic devices or memoranda, other than those authorized by examiners. speaking or communicating with other students who are writing examinations. copying from the work of other candidates or purposely exposing written papers to the view of other candidates. Cell phones must be turned off during examinations. Invigilators will have an electronic device that identifies when a cell phone is on. You may not use your cell-phone for monitoring time or as a calculator during an exam. So, bring a watch! Having a cell phone on during an examination is grounds for academic discipline.

 

Course Outline

 

ROGERS COMMUNICATION

 

Links to Textbook

Introdution to Finance

Chapter 1: Introduction

Chapter 2: Financial Analysis with Financial Statement and Financial Market Info

Chapter 3: Corporate Risk

Chapter 4: Corporate Financial Planning

Chapter 5: Taxation and Investment Returns

Chapter 6: The Math of Finance

Chapter 7: Fixed Income and Debt

Chapter 8: Equities and Markets

Chapter 9: Business Investment

Chapter 10: Corporate Performance Evaluation

Chapter 11: Returns for Risky Financial Assets

 

 

Quiz 1

Solution Keys

DAY

EVENING

Q1 Summary Statistics

 

MIDTERM

If you did not do as well as you might have liked on the midterm, we always look for students who do better on the final compared to the midterm and adjust final grades using my judgment.

 

Midterm Solution Keys

DAY

EVENING

Midterm Exam Summary Statistics

TA Midterm Marking

 

Quiz 2

Solution Keys

DAY

EVENING

Q2 Summary Statistics

 

 

Tentative ASSIGNMENTS

(subject to change but no change after one week prior to due date)

 

Assignment 1 (Due Friday Sept 20 by 9:30pm)

Assignment 2 (Due Friday Sept 27 by 9:30pm)

Assignment 3 (Due Friday Oct 4 by 9:30pm)

Assignment 4 (Due Friday Oct 11 by 9:30pm)

Assignment 5 (Due Friday Oct 18 by 9:30pm)

Assignment 6 (Due Friday Oct 25 by 9:30pm)

Assignment 7 (Due Friday Nov 8 by 9:30pm)

Assignment 8 (Due Friday Nov 15 by 9:30pm m)

Assignment 9 (Due Friday Nov 22 by 9:30pm)

Assignment 10 (Due Friday Nov 29 by 9:30pm)

Assignment 11 (Due Friday Dec 6 by 9:30pm)

 

Assignment 11 is optional. If you missed one of the first 10 assignments, you can make up the loss by handing in assignment 11. If you already have 10 assignment marks from the first 10 assignments you cannot get more that 10/10 by handing in assignment 11.

 

 

Quiz and Exam Samples

Quiz 1 Samples

(Chap 1 & 2)

Quiz 2 Samples

(Chap. 6)

Midterm Samples

(Ch.1,2,3,4,5,6)

Final Exam Samples

(Chs. 1,2,3,6,7,8,9,10)

QuizA

QuizA

MidtermA

FINAL1

QuizB

QuizB

MidtermB

FINAL2

QuizC

QuizC

MidtermC

FINAL3

QuizD

QuizD

MidtermD

FINAL4

QuizE

QuizE

MidtermE

FINAL5

QuizF

QuizF

MidtermF

FINAL6

QuizG

QuizG

MidtermG

FINAL7

QuizH

QuizH

MidtermH

FINAL8

QuizI

QuizI

MidtermI

FINAL9

QuizJ

QuizJ

MidtermJ

FINAL10

QuizK

QuizK

MidtermK

FINAL11

QuizL

QuizL

MidtermL

FINAL12

QuizM

QuizM

MidtermM

FINAL13

QuizN

QuizN

MidtermN

FINAL14

QuizO

QuizO

MidtermO

FINAL15

QuizP

QuizP

MidtermP

FINAL16

QuizQ

QuizQ

MidtermQ

FINAL17

QuizR

QuizR

MidtermR

FINAL18

QuizS

QuizS

MidtermS

FINAL19

QuizT

QuizT

MidtermT

FINAL20

QuizU

QuizU

MidtermU

FINAL 21

QuizV

QuizV

MidtermV

FINAL 22

QuizW

QuizW

MidtermW

FINAL 23

QuizX

QuizX

MidtermX

FINAL 24

QuizY

QuizY

MidtermY

FINAL 25

QuizZ

QuizZ

MidtermZ

FINAL 26

QuizAA

QuizAA

MidtermAA

 

QuizBB

QuizBB

MidtermBB

 

QuizCC

QuizCC

MidtermCC

 

QuizDD

QuizDD

MidtermDD

 

QuizEE

QuizEE

MidtermEE

 

QuizFF

QuizFF

MidtermFF

 

QuizGG

QuizGG

MidtermGG

 

QuizHH

QuizHH

MidtermHH

 

QuizII

QuizII

MidtermII

 

QuizJJ

QuizJJ

MidtermJJ

 

QuizKK

QuizKK

MidtermKK

 

QuizLL

QuizLL

MidtermLL

 

QuizMM

QuizMM

MidtermMM

 

QuizNN

QuizNN

MidtermNN

 

QuizPP

QuizPP

MidtermOO

 

QuizQQ

QuizQQ

MidtermPP

 

QuizRR

QuizRR

MidtermQQ

 

QuizSS

QuizSS

MidtermRR

 

QuizTT

QuizTT

MidtermSS

 

QuizUU

 

MidtermTT

 

QuizVV

 

MidtermUU

 

QuizWW

QuizXX

 

MidtermVV

 

 

 

Extra Office Hours for Midterm

 

 

 

Some Notes for Midterm Exam

1.  Midterm is XXX

2.  The midterm is 1 hour and 50 minutes exactly (no extensions).

2. Students without a valid SFU student ID card with picture identification will not be allowed to write quizzes, midterm, or final.

3. On the midterm, quiz 2, or the final exam you may be asked questions that require a financial calculator.

4. For sample midterms, the solutions to tax problems are for the tax-year when the exam was written. Tax rules change and your midterm exam requires tax rules for 2019 as we discussed in class. The tax problems indicate only the types of questions I might ask. Marks will be deducted for using obsolete tax rules/rates. Remember that there will be no questions on personal tax, but only corporate tax.

5. Understanding suggested sample-midterm solutions may not be adequate preparation. Test your skill by doing at least some of the samples without looking at suggested solutions.

6. The sample quizzes/midterms/finals reflect material that was taught in past offerings of BUS312. This material may not correspond exactly to the current BUS312 semester; some judgment is necessary in using samples.

7. The midterm exam covers Assignments 1,2,3,4,5,6 and Chapters 1,2,3,4,5 and a portion of Chapter 6. In Chapter 6, the midterm exam will not cover PV or FV of a growing annuity (note that PV and FV of non-growing annuities and PV of growing and non-growing perpetuities will be on the midterm). In addition, the midterm will not cover mortgages. We will study these topics but they will be examined on quiz2 and/or on the final exam.

 

Extra Office Hours for Final Exam

 

 

Final Exam Info

Students without a valid SFU student ID card with picture identification will not be allowed to write the final.

The Final Exam covers chapter 1, 2, 3, 6 (all of chapter 6 that we studied), 7, 8, a portion of chapter 9, and a portion of chapter 10. More specifically, read for the final exam in chapter 9, sections 9.1 to 9.4, 9.5, 9.5.1, 9.5.2, 9.6, 9.7 inclusive. In chapter 10, read sections 10.1, 10.2, 10.3, 10.4.

 

 

SURREY-BUS312 POWERPOINT FILES

(Current Semester, Thanx to Andrew Flostrand, updated periodically)

CHAP 1: Part 1

CHAP 1: Part 2

CHAP 1: Part 3

 

 

Sample LECTURE NOTES

(not current semester!!!!)

Chapter 1

Chapter 2

Chapter 3

Chapter 5

Chapter 6:

Intro

Calculations in the Math of Finance #1

Calculations in the Math of Finance #2

Calculations in the Math of Finance #3

Calculations in the Math of Finance #4

Calculations in the Math of Finance #5

Calculations in the Math of Finance #6

Calculations in the Math of Finance #7

Calculations in the Math of Finance #8

Calculations in the Math of Finance #9

Calculations in the Math of Finance #10

Calculations in the Math of Finance #11 PV of a Growing Annuity

Calculations in the Math of Finance #12 FV if a Growing Annuity

Calculations in the Math of Finance #13 Canadian Mortgages

Cases Where it is Relatively Simple to Calculate an IRR

Assignment 6 Q3 Annualized HPRR for an Investment

Assignment 6 Q4 Prototypical Retirement Planning Problem

 

Chapter 7

 

Chapter 8

Discounted Dividend Model

Equity Financing

 

Chapter 9 & 10