Equity and Fixed Income [ MGEST2167 ]

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      Equity

o    Market Indices and Market Efficiency

o    Equity Analysis and Valuation

o    Valuation Concepts

o    Industry and Company Analysis in a Global Context

o    Valuation Models

§  Discounted Dividend Valuation

§  Free Cash Flow Valuation

§  Market-Based Valuation: Price and Enterprise Value Multiples

§  Residual Income Valuation

§  Private Company Valuation

·      Fixed Income

o    Fixed Income markets

o    Fixed Income Valuation

o    The term structure of interest rates and credit spreads

o    Credit risk analysis

o    Valuation of bonds with embedded options

At the end of this course, students will be able to value the key equity and fixed-income instruments.

Written Exam (on computers)

'  Lectures based on readings

'  MCQs

'  Excel applications

'  CFA INSTITUTE (2012), Level I Program Curriculum, Study Sessions 13 and 14.

'  CFA INSTITUTE (2012), Level II Program Curriculum, Study Sessions 10 to 12.

'  CFA INSTITUTE (2012), Level I Program Curriculum, Study Sessions 15 and 16.

'  CFA INSTITUTE (2012), Level II Program Curriculum, Study Sessions 14 and 15.

'  Bodie, Kane et Marcus (2010), Investments, 9th edition, McGraw-Hill.

'  FABOZZI (2012), Bond Markets, Analysis and Strategies, 8^th edition, Prentice Hall.

'  FABOZZI (2011), The Handbook of Fixed Income Securities, 8^th edition, McGraw-Hill