FIN 3550 - Finance for Actuaries (4)

Monday,Wednesday 03:00 PM - 04:47 PM

Main Campus Campus | Human Health Building | Room 5037

This course covers the most essential concepts of managerial finance. Topics include (1) using financial statements; (2) computing the time value of money and discounting cash flows to enable effective business decisions; (3) capital budgeting; (4) security valuation; (5) measuring risk, retum, the cost of capital, (6) capital stmcture decision-making, and (7) options analysis. Prerequisite(s): ACC 2000, MTH 1554, and MTH 1555 (concurrently) with a minimum grade of (C) in each course.

Office: 408 Elliott Hall

E-mail: jamumhy@oakland.edu Phone: (248) 370-2125

Office Hours: Monday, Tuesday: 5-6pm

Financial Calculator or a Calculator that takes natural logarithms

2 regular-sized scantrons (1 for each exam) with 50 answers on each side

Midterm Exam     40 points

Final Exam          40 points

Total                   100 points

The exams will be multiple choice.

**The project involves a group of up to 4 students detennining the optimal capital stmcture as well as measuring the cost of debt, equity, and capital for analyzing a new investment project for a different company selected by each group. More information on the project (which requires use of excel and a report that must be handed in by December 3, 2018), will be provided on and October 8 and October 29.

The relationship between the final course grade and course average is:

60=D     63=D+     67=C-    70=C     73=C+     77=B-     80=B     85=B+     90=A-     95=A

A word about INCOMPLETE grades:  as per university policy, a grade of”I” (incomplete) may only be assigned if the student is unable to complete the course during the cunent

semester, but will be able to complete within eight weeks after the end of this semester.  All “I” grades convert to 0.0 after eight weeks, and cannot be modified thereafter.  Accordingly, a  grade of”I” will be assigned only if the student has a legitimate reason for not completing all requirements during this semester, and will be able to complete said requirements within eight weeks ofthe end of this semester.  Before a grade of “I” will be submitted, you must consult with your instructor and complete an “I” grade petition form.  Copies of the petition f01m are available at the SBA undergraduate advising office

Important: All exams will be without open books or notes, but calculators are allowed and required. Absence from any quiz or exam will not be excused except for the most serious reasons. Any unexcused absences will result in a grade of zero. No make-up exam will be given unless you present strong written evidence of your absence on the scheduled date (e.g. a doctor’s letter in letter head paper with signature for medical emergency). Should an absence be excused, the f01mat of the make-up exam will be at the discretion of the instructor.

No use of electronic devices, including cell phones, is allowed during exams except a calculator.

Please bring your text book and financial calculator to each class. Much of your class participation grade will involve problems fi·om the textbook that you should prepare ahead of each class in which they will be assigned, as well as related problems that must be solved in class using a financial calculator. For all exams, please bring #2 pencils, eraser/conection fluid (white out), and Scantron answer sheet (Form 882-E). Only the Scantron answer sheets will be graded. Be careful when marking your answers on the Scantron answer sheets. If you change an answer on the Scantron answer sheet, you must erase/white

out your previous answer, otherwise the machine will automatically score it as incorrect, and you will not receive credit for your answer.