Corporate Finance II: Financing Investments and Managing Risk

In this course you will learn how companies decide on how much debt to take, and whether to raise capital from markets or from banks. You will also learn how to measure and manage credit risk and how to deal with financial distress. You will discuss the mechanics of dividends and share repurchases, and how to choose the best way to return cash to investors. You will also learn how to use derivatives and liquidity management to offset specific sources of financial risk, including currency risks.

• Evaluate costs and benefits of debt types
• Manage unhedgeable risks with liquidity tools
• Use NPV to identify unfair financial situations
• Identify conflicts between equity holders and debtholders