Advanced Corporate Finance

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University of Puget Sound
School of Business and Leadership

BUS 434 Advanced Corporate Finance
Professor Alva Wright Butcher
Tues-Thurs 11:00-12:20 McIntyre 107
Spring Semester 2012

Office: McIntyre 111 I Phone: 253-879-3349 FAX: 253-879-3156

Office Hours: T-Th: 1:00-1:50 Wed: 9:30-10:30 And by appointment
Note that I am always willing to schedule additional office hours by appointment. I check email frequently, so that is also a good way to communicate. Do not hesitate to call me at home. If you cannot reach me, please leave a number so that I can get back to you.


Home: 206-285-3990 or 360-779-4706

Required Course Materials:
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Course Objectives: Valuation will be discussed as a unifying theme in this course. This includes such issues as how to value a firm that is not publicly traded, how to value a potential merger, how to value an investment project. We will examine the use of debt in a firm’s financial structure and ask if that has an impact on the value of the firm. If a firm pays dividends, does that increase the firm’s value?

The key objective of this course is to build on the foundation of your introductory course in financial concepts and to apply more advanced concepts in corporate finance in a decision making context. Since computer literacy is essential to the application of finance theory, the course will incorporate a number of opportunities for the use of computer tools in a problem solving environment.

After you have successfully completed this course, you will be able to:

Apply value based management to guide valuation of a firm and valuation of a capital budget project.

Be aware of the underlying factors that impact the value of a financial option.

Understand the basic features of options contracts and how they are priced.

Have an understanding of the use and misuse of derivatives.

Understand how the firm’s mixture of debt and equity, the capital structure, can impact the value of the firm.

Be able to apply the
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