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Derived from
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13634 FINANCIAL MATHEMATICS in Business Administration L-18 MARI Carlo
(syllabus)
The time value of money.
Discounting.
The Internal Rate of Return (IRR).
The bond market.
Valuing bonds.
The term structure of interest rates.
Forward rates.
Interest rate risk.
Perpetuities and Annuities.
Amortizing loans.
The stock market.
Valuing stocks.
Valuing projects.
The Net Present Value (NPV) decision rule.
Capital structure in a perfect market.
The Modigliani-Miller theorem.
The agency costs of leverage.
The course topics are covered in the following textbooks:
J. Berk - P. De Marzo, Finanza Aziendale vol.1, Pearson. Chapters: 3 - 4 - 5 - 6 - 7 (paragraphs: 7.1; 7.2) - 9 (paragraphs: 9.1; 9.2) - 14 (paragraphs: 14.1; 14.2) - 15 (paragraphs: 16.1; 16.5).
C. Mari, Appunti di Matematica Finanziaria (downloadable from the e-learning platform of the University).
(reference books)
Berk, J. - De Marzo, P., Finanza Aziendale vol.1, Pearson.
Mari, C., Appunti di Matematica Finanziaria (downloadable from the platform MOODLE of the University).
Grinblatt, M. - Titman, S., Financial Markets and Corporate Strategy, Second Edition, McGraw-Hill
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