Actuarial Corporate Finance (ACTU 262)

This course gives an understand of the following terms and concepts:
Corporate finance and the financial manager, forms of business organization, the goal of financial management, the agency problem and control of the corporation, financial markets and the corporation, balance sheet, taxes, cash flow, cash flow and financial statements, standardized financial statements, ratio analysis, the Du Pont Identity, using financial statement information, financial planning models, the percentage of sales approach, external financing and growth, future value and compounding, present value and discounting, future and present values of multiple cash flows, valuing level cash flows: annuities and perpetuities, comparing rates: the effect of compounding, loan types and loan amortization, bonds and bond valuation, bond ratings, common stock valuation, some features of common and preferred stocks, stock markets.