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FIN
3424-9D Intermediate Financial
Management Summer 2007
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GENERAL
INFORMATION
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Professor: Arvi Arunachalam
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Phone: (305)–348-2680
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Office: RB
208B
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Fax: (305)–348-4245
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Office Hours: By Appointments only
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E-mail: aarun002@fiu.edu
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Class Venue: RB 140
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Time: Mon, Wed 9.30am – 12.15pm
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The objective of the course is twofold. First,
this is the core course in finance that will help you to understand, prepare
and assimilate advance courses such as securities analysis, risk management.
Second, this is the only course where you will learn about mortgages and
commercial loans in quite detail. You must note that this will be probably
the most challenging and difficult course you will take in the program.
Therefore, you must be very diligent in your reading habits. Be prepared to
devote at least four to nine hours on this course every week.
For personal financial decision-making process in your life, this probably
will be the most useful course you will ever take. After taking this course
you will be able to ascertain yourself how much you need to pay on the loan
each month, your mortgage and lease payments, when to refinance etc.
- After completing this
course, the student should be able to:
- Evaluate time value of
money with multiple cash flows, multiple interest compounding per year
- Understand, recognize
applications of time value of money to mortgage, commercial mathematics
and capital budgeting
Capable of using a financial calculator and Excel for financial problem
solving
- Apply quantitative methods
used in financial applications
- Ability to actively utilize
the Wall Street Journal on a daily basis
- Mandatory subscription to
The Wall Street Journal -
$11.95 for 6 weeks, subscribe at http://subscribe.wsj.com/summer6
A financial calculator is required for this course as well. Texas Instrument BA II PLUS
CALCULATOR. This is the only calculator that will be used in the
class, all students should have one.
- There is no textbook
required for this course. All course material will be available
online.
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FIN 3403 Financial Management
Examination Policies
- All examinations will start at the scheduled
time.
- Do not ask any questions during the
examination because none will be answered.
- If you hand in your
answer sheet 20 minutes before the scheduled end time you will get a
pre-assigned bonus points.
- In case you do not avail
of bonus your total score will be prorated to 100.
- Make
sure that your calculator works and you have extra batteries available.
A non-working calculator will be no excuse for a make-up test.
- TEXAS INSTRUMENTS BA II PLUS IS THE PREFERRED CALCULATOR. NO
PROGRAMMABLE CALCULATOR WITH SCREEN WILL BE ALLOWED IN THE CLASS.
- ABSOLUTELY NO PHONE CALLS DURING THE
EXAMINATION. IN CASE YOU ARE EXPECTING AN EMERGENCY CALL LET THE PROCTOR
KNOW. He/She will give you a number on which the emergency calls can be
received.
- You are allowed to bring a one page formula
sheet with absolutely no problems or figure on it.
- You may be asked to produce a photo ID
during the examination.
- There
will be no curve grading.
If every person in the class obtains between 95 and 100 every person
gets an A. If every person scores less than 60, everyone gets an
F.
- You must hand in the examination, answer
sheet and formula sheet at the end of the examination.
- Your examination is non cumulative, i.e., second examination will cover the
materials covered after first examination to the second examination,
etc.
- If you do not hand in your examination
before the scheduled end time, one point will be deducted for every
extra minute. Ten minutes after the end time, I will assume you have not
taken the test and get a score of zero.
- Exam and assignment
make-up policies: No make up examination will be given unless there is a
catastrophic reason. Whatever may be the case, in case you take a make
up examination, you will not be eligible for bonus points.
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GRADING
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Course Requirements
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Weights
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First Exam
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25%
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Second Exam
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25%
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Final Exam
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25%
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Wall St Journal Assignments, Excel Projects
& Attendance
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25%
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Total
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100%
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Letter Grade
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Range
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Letter Grade
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Range
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Letter Grade
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Range
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A
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95
- 100
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B-
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75
- 79
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F
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<
60
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A-
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90
- 94
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C+
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70
- 74
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B+
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85
- 89
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C
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65
- 69
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B
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80
- 84
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C-
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60
- 64
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- Grading: There are three in-class
examinations: Both
exams will be for 100 points inclusive of the bonus points for early
completion. There will NO CURVING.
There 0.25*(Score in the FIRST examination) +
0.25*(Score in the SECOND examination)+ 20
points or less assigned scored in the WSJ Assignments) + 0.25*(Score in
the FINAL examination) + 5 points or less assigned for attendance in the
class.
Attendance
will be taken during every class. The attendance score will be assigned as
follows:
Perfect
or attendance in at least ten classes
5 points
Attendance
in eight or nine classes
2 points
Absence
in seven or less classes 0 points
No
credit for absence will be given no matter what may be the reason. If you
cannot attend class, I encourage you to drop the class.
- Students must
complete and submit a detailed pre-course requirements information
questionnaire. This will be distributed on the first day of class. This
will help to customize the course delivery based on the quantitative
skills and expectations of the students.
- Students must also complete and submit
feedback questionnaire at the end of the course. This is to help the
instructor to improve teaching effectiveness for future classes.
This
is an extremely quantitative course therefore you must devote at least two
hours every day to study the assignments. Being a challenging course,
this class makes your individual study and preparation extremely
important. The lectures will focus on the major points introduced in
the text. If you must study (not only read) and have complete
familiarity with the assigned readings before you come to the class lecture,
this will greatly enhance the learning experience. The lecture will
focus on the more difficult aspects of each assignment and on problems, which
deal with the material. If you have not read the assigned materials and
do not understand the definitions and simple concepts, you will not be
able to grasp the more complex topics covered in the lecture.
After the lecture, you should review your notes and in the process work
relevant problems and questions at assigned.
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COURSE EXPECTATION
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- Course workload
expectations: For every class if you can spend
six-eight hours outside the classroom, it will really help you in
getting good grades.
- Class attendance:
It is expected that you will not miss the class unless there is
some catastrophic reason to do so. Missing classes will make it
difficult to understand the course. Regular attendance is highly
recommended for your own benefit.
- Students must recognize that doing the
assignments in a timely manner will not only assist you in understanding
the subject matter timely and properly, it will also facilitate me in
running the progression of the course properly.
Absolutely no late assignments will be accepted.
- It is expected that students will behave
in a gentlemanly fashion when the class is in progress. Whispering and/or talking when the
class is in progress will not be tolerated.
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DISABILITY
NOTICE
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I
understand that there is Office of Disability Services available to me should I
need it. It is my responsibility to contact them to process my request to
have my needs met. I need to follow their procedures as to proper
notification to the instructor.
The University's
policy on religious holy days as stated in the University Catalog and Student
Handbook will be followed in this class. Any student may request to be
excused from (on-line) class to observe a religious holy day of his or her
faith. It is imperative that each student reads and understands the Academic
Honesty policies covered in class and described at: Academic Policy.
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RULES,
POLICIES, and ACADEMIC MISCONDUCT
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It is
expected that interactive learning and teaching will enrich the learning
experience of all students, and that each student will work in partnership with
the professor to create a positive learning experience for all. Student
engagement is a necessary condition for an effective learning experience and
includes contributions to debate and discussion (if any), positive
interactive learning with others, and an enthusiastic attitude towards
inquiry. Everyone is expected to be a positive contributor to the class
learning community, and students are expected to share the responsibility of
teaching each other.
Statement of Understanding between Professor and Student
Every student must respect the right of all to have an equitable opportunity
to learn and honestly demonstrate the quality of their learning. Therefore,
all students must adhere to a standard of academic conduct, demonstrating
respect for themselves, their fellow students, and the educational mission of
the University. As a student in the College of Business
taking this class:
- I
will not represent someone else’s work as my own
- I
will not cheat, nor will I aid in another’s cheating
- I
will be honest in my academic endeavors
- I
understand that if I am found responsible for academic misconduct, I
will be subject to the academic misconduct procedures and sanctions as
outlined in the Student Handbook
Failure to adhere to the
guidelines stated above may result in one of the following:
Expulsion: Permanent separation of the student from the University,
preventing readmission to the institution. This sanction shall be recorded on
the student's transcript.
Suspension: Temporary separation of the student from the University
for a specific period of time.
By taking this online course I promise to adhere to FIU’s
Student Code of Academic Integrity. For details on the policy and procedure
go to ACADEMIC
MISCONDUCT.
NOTE: Intensive Auditing of the course will be conducted to prevent
academic misconduct.
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This is a tentative
schedule given according to topics and corresponding chapters. I will
determine the pace of class based on the overall student feedback and
participation.
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Module
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Topic
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To Do
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May 7, 2007
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Syllabus description,
Course outline, Chapter 1
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Read chapter 1
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May 9, 2007
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Class
lecture/discussion of chapters 3, 4
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Read, do problems for chapters 3,4,5
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May 14, 2007
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Class lecture/discussion of
chapters 5, 6, 7
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Read,
do problems for chapter 6, 7, 8, 9
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May 16, 2007
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In
class lecture/discussion on chapters 1, 3-7
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Do all problems for chapters 1, 3-7
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May 21, 2007
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FIRST
EXAMINATION based on chapters 1,3-7
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Read
Chapters 8,9,
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May 23, 2007
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Class
lecture/discussion of chapters 8, 9
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Do
all problems for chapters 8 and 9
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May 28, 2007
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Class
lecture/discussion of chapters 10, 12
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Do problems of chapters 10,
12
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May 30, 2007
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MEMORIAL
DAY – HOLIDAY
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Do all relevant problems of
chapters 8,9, 10, 12
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June 4, 2007
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SECOND
EXAMINATION
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Read chapters 13, 14
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