Comprehensive study guide and lecture series on Finance.
Understand the CAPM, the definitive model of modern finance that explains the relationship between systematic risk and return. Explore 'Beta' as a measure of market sensitivity and learn to value a...
Explore the exotic world of hybrid securities and structured debt. Master the mechanics of Convertible Bonds (CB), Bonds with Warrants (BW), and Mortgage-Backed Securities (MBS) to unlock new dimen...
Learn how companies decide on major investments. Master the Net Present Value (NPV) and Internal Rate of Return (IRR) methods to evaluate the feasibility of business projects.
Analyze the 'Opportunity Cost' that companies pay to raise capital. Master how to mix Equity and Debt to find WACC, the ultimate hurdle rate for business decisions.
Explore how the mix of Debt and Equity affects a company's value and risk. Understand the Modigliani-Miller (MM) theorems and the trade-off between tax benefits and bankruptcy costs.
Understand how companies decide to distribute wealth. Learn about the 'Dividend Irrelevance' theory, the signaling effect of payouts, and the strategic choice between dividends and share buybacks.