FINA 4310
Spring 2002
| Instructor: Stewart Mayhew
Section One: MWF 2:30-3:20 (212 Sanford) Section Two: MWF 3:35-4:25 (112 Sanford) |
Office:437 Brooks
e-mail: mayhew@terry.uga.edu |
| Textbook: "Essentals of Investments" 4th edition
by Bodie, Kane and Markus |
Office Hours: |
Course Objectives
The goal of this course is to provide an overview of the
basic institutions and quantitative techniques associated with investing
in stock, bond and derivative markets.
Grading
| Three Exams | 300 |
| Final Exam | 200 |
| Homework | 100 |
| Investment Challenge | 100 |
| Portfolio Project | 100 |
| Reading Assignment | Exam Date | |
| Unit I
Elements |
BKM Part One
Chapters 1-5 |
February 6 |
| Unit II
Portfolio Theory |
BKM Part Two
Chapters 6-9 |
March 13 |
| Unit III
Bonds |
BKM Part Three
Chapters 10-11 |
April 12 |
| Unit IV
Derivatives |
BKM Part Five
Chapters 16-18 |
Covered on Cumulative Final |
Detailed Calendar (Tentative)
| Date | Topic | Reading Assignment | Homework/Exams | |
| January 7 (Mon) | Introduction
and Review (Calculating Returns) |
Review BKM 6.1 | Homework #1 | |
| January 9 (Wed) | Background and Key Issues | BKM 1 | Homework #2 | |
| January 10 (Thur) | DROP/ADD
PERIOD ENDS |
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| January 11 (Fri) | Money Markets and
Fixed Income Markets |
BKM 2.1-2.2 | ||
| January 14 (Mon) | Stock Indexes | BKM 2.3-2.4 | Homework #1 due | |
| January 16 (Wed) | Derviatives: Futures | BKM 2.5 | Homework #3 | |
| January 18 (Fri) | Derivatives: Options | BKM 2.5 | Homework #2 due
Homework#4 |
|
| January 21 (Mon) | No Class
MLK Holiday |
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| January 23 (Wed) | Trading | BKM 3.1-3.2 | Homework #3 due | |
| January 25 (Fri) | Market Structures | BKM 3.3-3.5 | Homework#5 | |
| January 28 (Mon) | Buying on Margin
Short Selling |
BKM 3.6-3.7 | Homework #4 due | |
| January 30 (Wed) | Mutual Funds | BKM 4.1-4.3 | Homework #5 due
Homework#6 |
|
| February 1 (Fri) | Mutual Fund Fees
Fund Performance |
BKM 4.4-4.6 | ||
| February 4 (Mon) | Investment Process | BKM 5 | Homework #6 due | |
| February 6 (Wed) | Exam | |||
| February 8 (Fri) | Returns | BKM 6.1 | ||
| February 11 (Mon) | Measuring Risk | BKM 6.2-6.3 | Homework#7 | |
| February 13 (Wed) | Asset Allocation (One Risky Asset) |
BKM 6.5 Spreadsheet |
Homework#8 | |
| February 15 (Fri) | Diversification | BKM 7.1 Spreadsheet |
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| February 18 (Mon) | Asset Allocation (Two Risky Assets) |
BKM 7.2-7.3 Spreadsheet |
Homework #7 due | |
| February 20 (Wed) | Efficient Frontier | BKM 7.4 Spreadsheet |
Homework #8 due | |
| February 22 (Fri) | Single Factor Model | BKM 7.5 | ||
| February 25 (Mon) | CAPM | BKM 8.1-8.2 | Homework#9 | |
| February 27 (Wed) | CAPM | BKM 8.3-8.4 | ||
| March 1 (Fri) | Factor Models | BKM 8.5 | ||
| March 4 (Mon) | Market Efficiency | BKM 9.1-9.2 | Homework #9 due Homework#10 |
|
| March 5 (Tue) | MIDPOINT WITHDRAWAL DEADLINE | |||
| March 6 (Wed) | Market Efficiency (Issues) |
BKM 9.3 | ||
| March 8 (Fri) | Market Efficiency (Anomalies) |
BKM 9.3 | ||
| March 11 (Mon) | Market Efficiency ( Fund Performance ) |
BKM 9.3 | ||
| March 13 (Wed) | Exam | |||
| March 15 (Fri) | ||||
| March 18-22 |
SPRING BREAK |
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| March 25 (Mon) | Treasury Bonds | BKM 10.1 | ||
| March 27 (Wed) | Yield to Maturity | BKM 10.3-10.4 | ||
| March 29 (Fri) | Homework#11 | |||
| April 1 (Mon) | Investment Challenge Homework#12 |
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| April 3 (Wed) | Interest Rate Risk | BKM 11.1 | ||
| April 5 (Fri) | Bond Management | BKM 11.2 | ||
| April 8 (Mon) | Immunization | BKM 11.3 | Spreadsheet | |
| April 10 (Wed) | No Class (Honors Day) | HW12 Answers (Spreadsheet) |
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| April 12 (Fri) | Exam | |||
| April 15 (Mon) | Options | BKM 16 | Portfolio Project
Homework#13 |
|
| April 17 (Wed) | ||||
| April 19 (Fri) | Option Strategies |
Homework#14 Homework #13 Due |
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| April 22 (Mon) | ||||
| April 24 (Wed) | Portfolio Project Spreadsheet | Homework #14 Due | ||
| April 26 (Fri) | ||||
| April 29 (Mon) | Last day of class | |||
| April 30 (Tue) | Portfolio Project due | |||
| May 6 (Mon) | 8:00-11:00 | Final Exam (3:35 Section) |
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| May 7 (Tue) | 12:00-3:00 | Final Exam (2:30 Section) |