ࡱ > 6 bjbj
d h h . %
$ 5 5 5 P t 5 a t " = = = ?a Aa Aa Aa Aa Aa Aa c e Aa E E E Aa = = Va / / / E " = = ?a / E ?a / / MX X Y\ = 秡 5 g( Y ( +a la 0 a Y 6f ) 6f P Y\ Y\ 6f \ < ^ / L F Aa Aa , . a E E E E 6f
: THE UNIVERSITY OF SOUTHERN CALIFORNIA
Marshall School of Business
BUAD 306 Business Finance Fall 2008
Section 14784R
TTH 12.00 1.50 p.m.
JKP 110
Instructor Professor Ehud PelegPhone (213) 740-9535Office HOH 817E-mail epeleg@marshall.usc.eduOffice Hours W 2 4 p.m.
Course Description and Objective
Finance is a way to think about problems that involve investing, planning and budgeting. This course is designed to acquaint you with the world of finance and to help you understand how finance professionals think and break down components of a financial problem. You will become familiar with vocabulary, understand basic concepts of financial theory, develop computational skills, and be capable of making decisions as investors, managers and financial planners.
Using a lecture and discussion teaching format, this course provides an introductory framework for business finance. Topics covered include: financing business enterprises; time value of money; financial analysis and planning; measurements of risks and rates of return; analysis of sources and uses of debt and equity financing; bond and stock valuation; determination of cost of capital; investment and capital structure decisions for the firm; and international finance.
Most importantly, however, you will become an independent thinker and appreciate your growing confidence to use the process and underlying principles of finance in making decisions in the real world about your own budgets, savings and investments. You will understand the subject of finance at a practical level, be plugged into financial and economic conversations of the day, and deftly read business journal reports and announcements with a critical eye and a deeper understanding.
Required Text
Fundamentals of Corporate Finance, by Ross, Westerfield and Jordan, 8th Edition
Required Materials
1) Financial Calculator (Texas Instruments BAII PLUS preferred)
2) Access to the internet and valid e-mail address (which you will need to access Blackboard)
You are responsible for bringing your financial calculator to all the lectures and the exams. You will be severely disadvantaged if you do not work with a financial calculator during quizzes and exams. My lectures and notes will be based on the Texas Instruments BAII Plus calculator.
I will be using Blackboard ( HYPERLINK "http://blackboard.usc.edu" http://blackboard.usc.edu) to post announcements and class materials (such as PowerPoint slides). All grades will be distributed through this system. You are responsible for registering your email address with Blackboard so that you can receive your grade. You are responsible for downloading all necessary materials prior to class. You are also responsible for all materials covered and all announcements made in class, regardless of whether you chose to attend class on that particular day.
Registration
If you are currently registered for the class, you must be present at one of the first two class meetings to keep that registration. If you are absent from both, you will be dropped from the class. If you are not registered for the class and wish to be, you should add your name to the sign-up sheet during both of the first two class sessions. After the first week, I will add as many students as possible by random draw from the sign-up sheets to the class.
Evaluation Procedure
Midterm Exam #1 22%
Midterm Exam #2 22%
Quizzes and Homeworks 15%
Class Participation and Attendance 6%
Cumulative Final Exam 35%
Midterm and Final Exams
All exams are closed book. You must take your exams in the lecture section in which you are registered. You will be able to prepare your own formula sheet (detailed instructions will be given prior to exams). The formula sheets will not be returned to you. Please make copies beforehand if you would like to keep them as reference. Students must provide their own pencils and scantrons. All exams will use the Scantron multiple choice format.
Any re-grade requests must be submitted in writing within one school week of the distribution of correct answers. Any re-grading will encompass the entire exam.
You are required to be present for all the exams. If you are not able to take the exams on the dates and times specified (as outlined on the last page of this syllabus), you should not take the class. There will be no make-up exams.
Sunglasses, hats, and other headgear are prohibited during exams except for verifiable medical or religious reasons.
There are some legitimate reasons for not showing up for an exam. However, you must provide documentation of any such claim. Police reports and hospital records are fine; a simple note from a doctor is not. If you do provide documentation for missing a midterm exam, your entire grade distribution will be re-weighted as follows: If you miss the first midterm, your second midterm and your final will each be worth 11% more than their original weight (33% and 46% respectively). If you miss the second midterm, your final will be worth 22% more than its original weight (57%). I will not be able to assign a complete grade if you miss both midterms or the final.
Quizzes and Homeworks
There will be 2 types of assignments throughout the semester.
Homeworks: You will be assigned homework questions from the book, which you will be required to complete in your own handwriting and hand in at the beginning of class on the due date. We will have a total of 15 homework assignments. They will be graded on a Pass/Fail basis. To pass the homework, you must make a genuine attempt at all of the assigned end-of-chapter problems.
In-Class Quizzes: You will be administered quizzes throughout the semester. They will usually take place during the last 15 minutes of class. They will be open book but closed notes. We will have a total of 5 in-class quizzes. They will be graded numerically, with the best possible grade being a 10.
The due dates for the homeworks will be announced in class and on Blackboard. All quizzes/homeworks need to be handwritten in clear handwriting. There will be no make-up quizzes or homeworks. As with exams, you may have legitimate reasons for missing class. Proof of documentation, as defined above, will be required.
We will have a total of 15 homework assignments and 5 in-class quizzes. Not all of these will be graded. I will randomly select which homeworks and which quizzes will be graded. In the end, you will be graded on 15 assignments, which will make up 15% of your grade. Please note that none of these assignments will be returned back to you. Please make copies beforehand if you would like to save them for reference.
Class Participation and Attendance
Class Participation is a measure of a students positive impact on the class such as asking intelligent questions or offering insightful opinions during discussions in lectures. We may also have mini group projects in class. Your participation in these will also impact your participation grade.
Finally, regular attendance is strongly advised and I may pass a sign-up sheet or do a roll call on random days. You are responsible for all assignments and all material covered in class in addition to announcements of changes in the reading or changes in the exam schedule. This is true regardless of whether or not you choose to be in class when such assignments or announcements are made.
Practice Problems
In addition to the homework problems, I will post a set of practice problems on Blackboard to help with your studying. The answers will be posted after the homework has been turned in. These will not be graded and do not need to be turned in. They are assigned to help you practice the important concepts.
Institute Policy Regarding Academic Integrity
The use of unauthorized material, communicating with fellow students during an exam, attempting to benefit from the work of another student, allowing another student to benefit from ones own work, and similar behavior that defeats the intent of an examination or other class work is unacceptable. Examples of academic dishonesty include copying off another student, allowing someone else to copy ones own work, bringing any written material besides your exam packet to your seat during an exam, and refusing to stop when exam time is called. The minimum penalty for academic dishonesty is to fail the class. The maximum penalty is expulsion from the university.
Institute Policy regarding Disabilities
Any student requesting academic accommodations based on a disability is required to register with Disability Services and Programs (DSP) each semester. A letter of verification for approved accommodations can be obtained from DSP. Please be sure that the letter is delivered to me as early in the semester as possible. DSP is located in STU 301 and is open 8:30am-5:00pm, Tuesday through Friday. The telephone number for DSP is (213) 740-0774.
Classroom Conduct
Please
no late arrivals or early departures, unless you make prior arrangements with me
no laptops/cell phones/headphones/pagers
no long conversations with classmates
no sleeping
no other type of disruptive behavior that I forgot to mention
Course Disclaimer
This syllabus is an invitation to students to engage in an exciting and interactive study of finance. The intention of BUAD 306 is to provide you with information, offer practice with tools and skill sets, and enhance your capacity to use fundamental concepts to build your repertoire of strategies to make sound decisions. The learning environment is collaborative and supportive; we will learn from one another both in and out of the classroom. To that end, modifications to this syllabus may be warranted as determined by the instructor as the particular learning needs of this class are assessed.
TENTATIVE COURSE OUTLINE
Lecture #DateChaptersTopic/Assigned Reading108/261Introduction to Corporate Finance208/282Financial Statements, Taxes, and Cash Flow309/023Working with Financial Statements409/045The Time Value of Money509/096Discounted Cash Flow Valuation609/116Discounted Cash Flow Valuation709/167Interest Rates and Bond Valuation809/187Interest Rates and Bond Valuation909/238Stock Valuation1009/258Stock Valuation1109/30REVIEWReview for Midterm Exam 11210/02EXAMMidterm Exam 1 1310/079Net Present Value and Other Investment Criteria1410/0910Making Capital Investment Decisions1510/1410Making Capital Investment Decisions1610/1612Some Lessons From Capital Market History1710/2113Return, Risk, and the Capital Market Line1810/2313Return, Risk, and the Capital Market Line1910/2814Options and Corporate Finance2010/3014Options and Corporate Finance2111/04REVIEWReview for Midterm Exam 22211/06EXAMMidterm Exam 2 2311/1115Cost of Capital2411/1315Cost of Capital2511/1816Raising Capital2611/2017Cost of Capital and Long-Term Financial Policy2711/2522International Corporate Finance11/27Thanksgiving No Class2812/0222International Corporate Finance2912/04REVIEWReview for Final Exam12/16EXAMFinal Exam (11.00 a.m. 1.00 p.m.), Room: TBA
Problem Set #Chapter (Pages)Homework ProblemsTentative Due Date12 (43 47)1, 2, 8, 14, 18, 2209/0223 (82 87)16, 18, 26, 27, 29, 3009/0435 (143 145)1, 9, 13, 14, 19, 2009/1146 (181 190)3, 6, 9, 10, 14, 21, 32, 4209/1657 (229 233)6, 7, 8, 14, 18, 2309/2368 (259 261)2, 3, 12, 13, 16, 1709/3079 (295 300)3, 6, 9, 12, 13, 1610/14810 (331 336)1, 4, 8, 9, 14, 18, 1910/21912 (398 401)1, 2, 4, 7, 8, 1410/281013 (433 437)10, 11, 17, 23, 24, 2610/301114 (473 477)1, 2, 3, 9, 13, 1411/041215 (507 511)4, 7, 9, 13, 17, 19, 2011/181316 (547 549)1, 2, 3, 5, 6, 711/251417 (585 588)4, 12, 13, 14, 16, 1712/021522 (750 753)1, 5, 7, 10, 1112/04
PAGE
PAGE 4
% & A B C a e j k s w x y z ~ ~o`Q?``o`o "h hyB 56CJ OJ QJ aJ hn 56CJ OJ QJ aJ h[ 56CJ OJ QJ aJ h 56CJ OJ QJ aJ "h h? 56CJ OJ QJ aJ h6 56CJ OJ QJ aJ h`5P 56CJ OJ QJ aJ "h h*M 56CJ OJ QJ aJ #h`* h? 56B*OJ QJ ph h*M h*M 5CJ OJ QJ aJ h*M h? CJ OJ QJ aJ h*M h*M CJ OJ QJ aJ & B C k z $If $$If a$ p]pgd e $a$gdNE $a$gd% $a$gd`5P $p]p^`a$ $a$
Ϳui[PB3u h h CJ OJ QJ aJ h h? 5CJ \aJ hi 5CJ \aJ h hj
5CJ \aJ h h? CJ \aJ h h? CJ OJ QJ aJ h CJ OJ QJ aJ h h*M CJ OJ QJ aJ h h 5CJ OJ QJ aJ h h? 5CJ OJ QJ aJ h`* h? 5>*OJ QJ "h hyB 56CJ OJ QJ aJ h[ 56CJ OJ QJ aJ "h hNE 56CJ OJ QJ aJ $$If a$ l kd $$If l 0 <' 0 4
l a
< = U ueZOKD@D@K hbV h`* hbV hX h`* hn OJ QJ h 2 hn CJ aJ h h CJ OJ QJ \aJ h h? 5CJ \aJ h6 5CJ \aJ h 5CJ \aJ h hO 5CJ \aJ h h? CJ \aJ h`* h? 5>*OJ QJ h h? CJ OJ QJ \aJ h hNE CJ OJ QJ \aJ h CJ OJ QJ \aJ "h hNE 5CJ OJ QJ \aJ $$If a$ $If l kd $$If l 0 <' 0 4
l a < = ~ ~ y ~ q ~ i $a$gdn $a$gdV' gdbV gdn gdn gdn $a$ l kd$ $$If l 0 <' 0 4
l a
i t u ~ & ' ) * 1 2 3 F G H ^ ͽwk^͗ h`* hn CJ OJ QJ h`* hn 5OJ QJ h? hn 5OJ QJ h- h- H*OJ QJ h- OJ QJ hn OJ QJ h`* hn 6OJ QJ hn 6OJ QJ hn 5OJ QJ h 2 hn 5CJ OJ QJ aJ h`* hn OJ QJ h`* hX hXr OJ QJ aJ hX OJ QJ aJ hX hX OJ QJ aJ $ 2 3 F G : ; < = J K / 0 gdn $a$gdn $
a$gdn
h^hgdn gdn @ ^@ `gdn gdn p^p`gdn ! " . G I J K d e f g 9 : = Źņwk``S hn 5CJ OJ QJ aJ hY hn OJ QJ hn B*OJ QJ ph hk hn B*OJ QJ ph hn{ hn 0J OJ QJ ,j hn{ hn B*OJ QJ Uph h{ hn B*OJ QJ ph hn B*OJ QJ ph j hn B*OJ QJ Uph hk hn OJ QJ h U hn 6OJ QJ h`* hn OJ QJ hn OJ QJ = J K / 0 8 < @ B E M Q V X a r t 7 9 D R ø簸簸簸簸秛zrj hM3 OJ QJ hd6 OJ QJ he OJ QJ hp;
hn OJ QJ \] hp;
hn OJ QJ h hn 5OJ QJ hn 5OJ QJ hi OJ QJ h`* hn OJ QJ h 2 hn CJ aJ hxb hn OJ QJ \] h? hn OJ QJ hn OJ QJ h 2 hn 5CJ OJ QJ aJ )0 E Z t 1 2 , - C D * $
& F a$gdCd $a$gdCd $a$gdn $
h^ha$gdn . 1 2 U c
b d 6 E c , - D k l " " $" ." /" h hn 5OJ QJ hK OJ QJ hbV OJ QJ h4] hCd OJ QJ hCd OJ QJ hn 5OJ QJ hi OJ QJ hn OJ QJ hn OJ QJ \] he OJ QJ \] hp;
hn OJ QJ \] hp;
hn OJ QJ he OJ QJ /* + k l " " /" 0" X# Y# $ $ $ $ '& (& W& X& ( ( ) ) * gdn $a$gdr] gdn $a$gdn $a$gdbV $a$gdCd $h^ha$gdCd /" 0" i" " " " " W# X# Y# c# u# # $ $ $ '& (& 1& P& W& X& ( ( ( ) ) * ṱ{pcQFp hn 5OJ QJ \ "h 2 hn 5CJ OJ QJ \aJ hyP CJ OJ QJ \aJ h 2 hn OJ QJ h 2 hn 5OJ QJ hn 5CJ OJ QJ aJ h 2 hn 5CJ OJ QJ aJ hr] 5CJ OJ QJ aJ hr] OJ QJ h~; hr] 5OJ QJ hyP OJ QJ h9R hn >*OJ QJ h!: OJ QJ hn OJ QJ h9R hn OJ QJ hn >*B* aJ ph * * * * * * G+ p+ + + + + + + R. S. T. U. n. o. y. ~. $$If a$gdF $a$gd $a$gdV' gd8V $
& F a$gdA $a$gdA gdA $a$gd * * * * o+ p+ + + + + + + + + + R. S. T. U. _. n. Ҳ҈ylaQA h h? 5CJ OJ QJ aJ h hb 5CJ OJ QJ aJ h`* hA OJ QJ h8V h8V OJ QJ aJ h8V h8V CJ OJ QJ aJ "h8V h8V 5CJ OJ QJ \aJ hA h C CJ OJ QJ \aJ h C OJ QJ h C hA CJ OJ QJ \aJ hA hA CJ OJ QJ \aJ hA OJ QJ hA 5CJ OJ QJ \aJ hPw 5CJ OJ QJ \aJ h? OJ QJ n. o. . . . . . . . . / / / ./ // 1/ Q/ R/ T/ \/ {/ |/ ~/ / / / / / / / / / / / / 0 0 0 0 0 0 $0 60 70 :0 a0 b0 h$ hCd 5OJ QJ aJ h$ hCd OJ QJ \aJ h$ hCd OJ QJ ]aJ h hCd h$ hCd OJ QJ aJ !h$ hCd B*OJ QJ aJ ph hF h 5hF h1 5OJ QJ aJ hF h 5OJ QJ aJ h`* h? OJ QJ .~. . . . . 7 + $$If a$gd_l kd $$If l \ (# (
t 0 6$ 3 4 4
l ap( ytF $$If a$gdF . . . . . & kd $$If l \ (# (
t 0 6$ 3 4 4
l ap( ytF
$If gd_l $
$If a$gd_l . . . . / / . kd $$If l \ (# (
t 0 6$ 3 4 4
l ap( ytF $If gd_l $$If a$gd_l / /
/ / ./ // . kd $$If l \ (# (
t 0 6$ 3 4 4
l ap( ytF $If gd_l $$If a$gd_l // 1/ 7/ 9/ Q/ R/ . kd $$If l \ (# (
t 0 6$ 3 4 4
l ap( ytF $If gd_l $$If a$gd_l R/ T/ Z/ \/ {/ |/ . kd $$If l \ (# (
t 0 6$ 3 4 4
l ap( ytF $If gd_l $$If a$gd_l |/ ~/ / / / / . kd} $$If l \ (# (
t 0 6$ 3 4 4
l ap( ytF $If gd_l $$If a$gd_l / / / / / $If gd_l $$If a$gd_l / / / / / A 5 5 5 $$If a$gd_l kdu $$If l \ (# (
t 0 6$ 3 4 4
l ap( ytF / / 0 0 0 8 , , $$If a$gd_l kdq
$$If l \ (# (
t 0 6$ 3 4 4
l ap( ytF $If gd_l 0
0 0 0 0 , kdm $$If l \ (# (
t 0 6$ 3 4 4
l ap( ytF $If gd_l $$If a$gd_l 0 $0 &0 60 70 , kdi $$If l \ (# (
t 0 6$ 3 4 4
l ap( ytF $If gd_l $$If a$gd_l 70 :0 @0 G0 a0 $If gd_l $$If a$gd_l a0 b0 e0 k0 p0 A 5 5 5 $$If a$gd_l kde
$$If l \ (# (
t 0 6$ 3 4 4
l ap( ytF b0 e0 0 0 0 0 0 0 0 0 0 1 1 "1 U1 V1 Y1 1 1 1 1 1 1 1 1 1 1 1 2 2 2 D2 E2 H2 c2 d2 g2 2 2 2 2 2 2 2 2 2 2 2 2 2 3 3 3 "3 #3 $3 %3 D3 E3 H3 N3 P3 Q3 ǺǺǺǺǺǺǺǺǺǺǺǺǺǺǺǺ hCd OJ QJ aJ h$ hCd OJ QJ ]aJ h$ hCd OJ QJ aJ !h$ hCd B*OJ QJ aJ ph h hCd h$ hCd 5OJ QJ aJ $h$ hCd 5B*OJ QJ aJ ph >p0 0 0 0 0 8 , , $$If a$gd_l kda $$If l *\ (# (
t 0 6$ 3 4 4
l ap( ytF $If gd_l 0 0 0 0 0 , kd] $$If l *\ (# (
t 0 6$ 3 4 4
l ap( ytF $If gd_l $$If a$gd_l 0 0 0 0 0 , kdY $$If l \ (# (
t 0 6$ 3 4 4
l ap( ytF $If gd_l $$If a$gd_l 0 0 0 0 1 $If gd_l $$If a$gd_l 1 1 "1 (1 +1 A 5 5 5 $$If a$gd_l kdU $$If l \ (# (
t 0 6$ 3 4 4
l ap( ytF +1 U1 V1 Y1 _1 8 , , $$If a$gd_l kdQ $$If l !\ (# (
t 0 6$ 3 4 4
l ap( ytF $If gd_l _1 b1 1 1 1 , kdM $$If l !\ (# (
t 0 6$ 3 4 4
l ap( ytF $If gd_l $$If a$gd_l 1 1 1 1 1 , kdI $$If l \ (# (
t 0 6$ 3 4 4
l ap( ytF $If gd_l $$If a$gd_l 1 1 1 1 1 $If gd_l $$If a$gd_l 1 1 1 1 1 A 5 5 5 $$If a$gd_l kdE $$If l \ (# (
t 0 6$ 3 4 4
l ap( ytF 1 2 2 2 #2 8 , , $$If a$gd_l kdA $$If l \ (# (
t 0 6$ 3 4 4
l ap( ytF $If gd_l #2 *2 D2 E2 H2 N2 . kd= $$If l \ (# (
t 0 6$ 3 4 4
l ap( ytF $If gd_l $$If a$gd_l N2 S2 c2 d2 g2 m2 . kd5 $$If l \ (# (
t 0 6$ 3 4 4
l ap( ytF $If gd_l $$If a$gd_l m2 p2 2 2 2 2 . kd- $$If l \ (# (
t 0 6$ 3 4 4
l ap( ytF $If gd_l $$If a$gd_l 2 2 2 2 2 2 . kd% $$If l \ (# (
t 0 6$ 3 4 4
l ap( ytF $If gd_l $$If a$gd_l 2 2 2 2 2 2 . kd $$If l \ (# (
t 0 6$ 3 4 4
l ap( ytF $If gd_l $$If a$gd_l 2 2 2 2 2 3 . kd $$If l \ (# (
t 0 6$ 3 4 4
l ap( ytF $If gd_l $$If a$gd_l 3 3 #3 $3 %3 +3 . kd
$$If l \ (# (
t 0 6$ 3 4 4
l ap( ytF $If gd_l $$If a$gd_l +3 ,3 D3 E3 H3 N3 . kd $$If l \ (# (
t 0 6$ 3 4 4
l ap( ytF $If gd_l $$If a$gd_l N3 Q3 q3 r3 u3 {3 . kd $$If l \ (# (
t 0 6$ 3 4 4
l ap( ytF $If gd_l $$If a$gd_l Q3 p3 q3 r3 u3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 4 4 4 >4 D4 E4 G4 ߰xxqfXJB hF hK 5hF hK 5OJ QJ aJ hL h7 CJ OJ QJ ]h7 CJ OJ QJ ] h hW hF h[ 5OJ QJ aJ hF h*Y 5OJ QJ aJ hF hW 5OJ QJ aJ hF hG 5OJ QJ aJ !hF hW B*OJ QJ aJ ph h$ hCd OJ QJ aJ !h$ hCd B*OJ QJ aJ ph h hCd h$ hCd OJ QJ ]aJ hCd OJ QJ ]aJ {3 3 3 3 . kd $$If l \ (# (
t 0 6$ 3 4 4
l ap( ytF $If gd_l $$If a$gd_l 3 3 3 3 3 3 . kd $$If l \ (# (
t 0 6$ 3 4 4
l ap( ytF $If gd[ $$If a$gdF 3 3 3 3 3 4 4 $If gd7 4 4 4 *4 >4 C 7 . . $If gd_l $$If a$gd_l kd! $$If l \ (#
t 0 6$ 3 4 4
l ap( ytF >4 D4 E4 G4 6 * $$If a$gd_l kd" $$If l \ (#
t 0 6$ 3 4 4
l ap( ytF
$If gd_l G4 S4 j4 p4 q4 s4 : . $$If a$gd_l kd# $$If l \ (#
t 0 6$ 3 4 4
l ap( ytF $If gd_l G4 j4 p4 q4 s4 4 4 4 4 4 4 4 4 4 4 4 4 5 &5 '5 )5 Q5 R5 T5 z5 }5 5 5 5 5 5 5 5 5 5 5 5 5 6 6 6
6 16 76 86 ;6 [6 a6 b6 e6 6 6 6 6 6 6 6 6 6 6 6 6 ݯ̤ hCd OJ QJ ]aJ $h$ hCd B*OJ QJ \aJ ph hCd OJ QJ aJ !h$ hCd B*OJ QJ aJ ph h hCd h$ hCd OJ QJ aJ h$ hCd OJ QJ ]aJ =s4 4 4 4 4 4 : . $$If a$gd_l kd$ $$If l \ (#
t 0 6$ 3 4 4
l ap( ytF $If gd_l 4 4 4 4 4 4 : . $$If a$gd_l kd% $$If l \ (#
t 0 6$ 3 4 4
l ap( ytF $If gd_l 4 4 4 4 4 4 : . $$If a$gd_l kd& $$If l \ (#
t 0 6$ 3 4 4
l ap( ytF $If gd_l 4 5 5 &5 '5 8 kd' $$If l \ (#
t 0 6$ 3 4 4
l ap( ytF $If gd_l '5 )5 75 K5 Q5 $If gd_l $$If a$gd_l Q5 R5 T5 c5 z5 A 5 , , $If gd_l $$If a$gd_l kd( $$If l \ (#
t 0 6$ 3 4 4
l ap( ytF z5 5 5 5 5 8 , $$If a$gd_l kd) $$If l \ (#
t 0 6$ 3 4 4
l ap( ytF $If gd_l 5 5 5 5 5 8 , $$If a$gd_l kd* $$If l \ (#
t 0 6$ 3 4 4
l ap( ytF $If gd_l 5 5 5 5 5 8 kd+ $$If l \ (#
t 0 6$ 3 4 4
l ap( ytF $If gd_l 5 5 5 6 6 $If gd_l $$If a$gd_l 6 6
6 6 16 A 5 , , $If gd_l $$If a$gd_l kd, $$If l *\ (#
t 0 6$ 3 4 4
l ap( ytF 16 76 86 ;6 J6 8 , $$If a$gd_l kd- $$If l \ (#
t 0 6$ 3 4 4
l ap( ytF $If gd_l J6 [6 a6 b6 e6 8 , $$If a$gd_l kd. $$If l \ (#
t 0 6$ 3 4 4
l ap( ytF $If gd_l e6 t6 6 6 6 8 kd/ $$If l \ (#
t 0 6$ 3 4 4
l ap( ytF $If gd_l 6 6 6 6 6 $If gd_l $$If a$gd_l 6 6 6 6 6 6 6 6 A ? ? ? ? ? ? kd1 $$If l !\ (#
t 0 6$ 3 4 4
l ap( ytF 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 hbV 0J mH nH uh8V
h8V 0J j h8V 0J UhPw j hPw UhL h? CJ OJ QJ ] 6 6 6 6 6 6 6 6 6 6 6 6 &`#$gd2S 8 0 0 P / =!"#$% Dp ( / =!"#$% $$If !v h5 5#v #v:V l 0 5 54 $$If !v h5 5#v #v:V l 0 5 54 $$If !v h5 5#v #v:V l 0 5 54 D y K h t t p : / / b l a c k b o a r d . u s c . e d u y K N h t t p : / / b l a c k b o a r d . u s c . e d u / yX; H,]ą'c $$If ^!v h5 555d#v #v#vd:V l
t 0 6$ , ,5 55(3 ap( ytF $$If ^!v h5 555d#v #v#vd:V l
t 0 6$ , ,5 55(3 ap( ytF $$If ^!v h5 555d#v #v#vd:V l
t 0 6$ , ,5 55(3 ap( ytF $$If ^!v h5 555d#v #v#vd:V l
t 0 6$ , ,5 55(3 ap( ytF $$If ^!v h5 555d#v #v#vd:V l
t 0 6$ , ,5 55(3 ap( ytF $$If ^!v h5 555d#v #v#vd:V l
t 0 6$ , ,5 55(3 ap( ytF $$If ^!v h5 555d#v #v#vd:V l
t 0 6$ , ,5 55(3 ap( ytF $$If ^!v h5 555d#v #v#vd:V l
t 0 6$ , ,5 55(3 ap( ytF $$If ^!v h5 555d#v #v#vd:V l
t 0 6$ , ,5 55(3 ap( ytF $$If ^!v h5 555d#v #v#vd:V l
t 0 6$ , ,5 55(3 ap( ytF $$If ^!v h5 555d#v #v#vd:V l
t 0 6$ , ,5 55(3 ap( ytF $$If ^!v h5 555d#v #v#vd:V l
t 0 6$ , ,5 55(3 ap( ytF $$If ^!v h5 555d#v #v#vd:V l *
t 0 6$ , ,5 55(3 ap( ytF $$If ^!v h5 555d#v #v#vd:V l *
t 0 6$ , ,5 55(3 ap( ytF $$If ^!v h5 555d#v #v#vd:V l
t 0 6$ , ,5 55(3 ap( ytF $$If ^!v h5 555d#v #v#vd:V l
t 0 6$ , ,5 55(3 ap( ytF $$If ^!v h5 555d#v #v#vd:V l !
t 0 6$ , ,5 55(3 ap( ytF $$If ^!v h5 555d#v #v#vd:V l !
t 0 6$ , ,5 55(3 ap( ytF $$If ^!v h5 555d#v #v#vd:V l
t 0 6$ , ,5 55(3 ap( ytF $$If ^!v h5 555d#v #v#vd:V l
t 0 6$ , ,5 55(3 ap( ytF $$If ^!v h5 555d#v #v#vd:V l
t 0 6$ , ,5 55(3 ap( ytF $$If ^!v h5 555d#v #v#vd:V l
t 0 6$ , ,5 55(3 ap( ytF $$If ^!v h5 555d#v #v#vd:V l
t 0 6$ , ,5 55(3 ap( ytF $$If ^!v h5 555d#v #v#vd:V l
t 0 6$ , ,5 55(3 ap( ytF $$If ^!v h5 555d#v #v#vd:V l
t 0 6$ , ,5 55(3 ap( ytF $$If ^!v h5 555d#v #v#vd:V l
t 0 6$ , ,5 55(3 ap( ytF $$If ^!v h5 555d#v #v#vd:V l
t 0 6$ , ,5 55(3 ap( ytF $$If ^!v h5 555d#v #v#vd:V l
t 0 6$ , ,5 55(3 ap( ytF $$If ^!v h5 555d#v #v#vd:V l
t 0 6$ , ,5 55(3 ap( ytF $$If ^!v h5 555d#v #v#vd:V l
t 0 6$ , ,5 55(3 ap( ytF $$If ^!v h5 555d#v #v#vd:V l
t 0 6$ , ,5 55(3 ap( ytF $$If ^!v h5 555d#v #v#vd:V l
t 0 6$ , ,5 55(3 ap( ytF $$If ^!v h5 55
5$ #v #v
#v$ :V l
t 0 6$ ,5 55
53 ap( ytF $$If ^!v h5 55
5$ #v #v
#v$ :V l
t 0 6$ , ,5 55
53 ap( ytF $$If ^!v h5 55
5$ #v #v
#v$ :V l
t 0 6$ , ,5 55
53 ap( ytF $$If ^!v h5 55
5$ #v #v
#v$ :V l
t 0 6$ , ,5 55
53 ap( ytF $$If ^!v h5 55
5$ #v #v
#v$ :V l
t 0 6$ , ,5 55
53 ap( ytF $$If ^!v h5 55
5$ #v #v
#v$ :V l
t 0 6$ , ,5 55
53 ap( ytF $$If ^!v h5 55
5$ #v #v
#v$ :V l
t 0 6$ , ,5 55
53 ap( ytF $$If ^!v h5 55
5$ #v #v
#v$ :V l
t 0 6$ , ,5 55
53 ap( ytF $$If ^!v h5 55
5$ #v #v
#v$ :V l
t 0 6$ , ,5 55
53 ap( ytF $$If ^!v h5 55
5$ #v #v
#v$ :V l
t 0 6$ , ,5 55
53 ap( ytF $$If ^!v h5 55
5$ #v #v
#v$ :V l
t 0 6$ , ,5 55
53 ap( ytF $$If ^!v h5 55
5$ #v #v
#v$ :V l *
t 0 6$ , ,5 55
53 ap( ytF $$If ^!v h5 55
5$ #v #v
#v$ :V l
t 0 6$ , ,5 55
53 ap( ytF $$If ^!v h5 55
5$ #v #v
#v$ :V l
t 0 6$ , ,5 55
53 ap( ytF $$If ^!v h5 55
5$ #v #v
#v$ :V l
t 0 6$ , ,5 55
53 ap( ytF $$If ^!v h5 55
5$ #v #v
#v$ :V l !
t 0 6$ , ,5 55
53 ap( ytF ^ 6 6 6 6 6 6 6 6 6 v v v v v v v v v 6 6 6 6 6 6 > 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 h H 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 2 0 @ P ` p 2 ( 0 @ P ` p 0 @ P ` p 0 @ P ` p 0 @ P ` p 0 @ P ` p 0 @ P ` p 8 X V ~ _HmH nH sH tH D ` D 7 N o r m a l CJ OJ QJ _HmH sH tH D D H e a d i n g 1 $$@& a$
5>*CJ ` ` H e a d i n g 2 & $$p@&]p^`a$ 56OJ QJ F @ F H e a d i n g 3 $$@&a$ 5OJ QJ F F H e a d i n g 4 $$@&a$ 5OJ QJ B B H e a d i n g 5 $@& 6OJ QJ ] D A` D D e f a u l t P a r a g r a p h F o n t V i@ V T a b l e N o r m a l :V 4 4
l a ( k ( N o L i s t 0 >@ 0 T i t l e $a$ 5 B B B B o d y T e x t $$$>]>a$ 0 U@ 0 H y p e r l i n k >*B*@ V !@ F o l l o w e d H y p e r l i n k >*B* 6 P 26 B o d y T e x t 2 CJ X C@ BX B o d y T e x t I n d e n t
^` CJ @ Q@ R@ B o d y T e x t 3 $a$ OJ QJ 4 @ b4 6 F o o t e r
! . )@ q. 6 P a g e N u m b e r Mvi T a b l e W e b 1 h :V 0 3 j
B* `J ph @ @ ? C M 1 0 1$ 7$ 8$ H$ OJ QJ aJ X oX p;
D e f a u l t 1$ 7$ 8$ H$ ! B*CJ _HaJ mH ph sH tH 2 2 p;
C M 2 d B* ph 2 2 k C M 1 1 H B* ph PK ! [Content_Types].xmlj0Eжr(Iw},-j4 wP-t#bΙ{UTU^hd}㨫)*1P' ^W0)T9<l#$yi} ;~@(Hu* Dנz/0ǰ $ X3aZ,D0j~3߶b~i>3\`?/[G\!-Rk.sԻ..a濭? PK ! ֧ 6 _rels/.relsj0 }Q%v/C/} (h"O
= C?hv=Ʌ%[xp{۵_Pѣ<1H0ORBdJE4b$q_ 6LR7`0̞O,En7Lib/Se е PK ! ky theme/theme/themeManager.xml M
@}w7c(Ebˮ CAǠҟ7՛K
Y,
e.|,H ,lxɴIsQ}#Ր ֵ+!,^$j=GW)E+&
8 PK ! P theme/theme/theme1.xmlYOo6w toc'vuر-Mn iP@I}úama[إ4:l ЯGRX^6؊>$ !)O^rC$y@ /yH*)UDb`}"qۋJחX^)I`nEp)liV[]1M<OP6r=zgbIguSe bORD۫qu gZo~ٺlAplxpT0+[}`j zA V2Fi@qv֬5\|ʜ̭NleXd sjcs7f
W+Ն7` g ȘJj|h(KD-
dXiJ؇(x$( :;˹! I_TS 1?E ??ZBΪmU/ ?~xY'y5g&/ɋ>GMGeD3Vq%'#q$8K )fw 9:ĵ
x}rxwr:\TZaG*y8IjbRc|XŻǿI
u3KGnD 1NIBs
RuK>V.E L+M2#'fi ~V vl{u8z H
* :( W ☕
~JTe\O*tHGHY }KNP*ݾ˦ TѼ9/#A7qZ $*c?qUnwN%Oi4 =3ڗP
1Pm \\9Mؓ2aD];Yt\[x]}Wr|]g-
eW
)6-rC Sj
id DЇAΜIqbJ#x꺃 6k#ASh&ʌt(Q% p%m&]caS l=X\P1Mh9MVdDAaVB[݈fJíP|8 քAV^f
Hn- "d>znNJ ة>b&2vKyϼD:,AGm\nziÙ .uχYC6OMf3or$5N HT[XF64T,ќM0E)`#5XY`פ ;%1U٥m;R>QD DcpU'&LE/pm%]8firS4d 7y\`JnίI R 3U~7+#m qBiDi*L69mY&iHE=(K&N!V.KeLDĕ{D vEꦚdeNƟe(MN9ߜR6&3(a/DUz<{ˊYȳV)9Z[4^n5!J?Q3eBoCM m<.vp IYfZY_p[=al-Y}Nc͙ŋ4vfavl'SA8|*u{-ߟ0%M07% < ҍ PK !
ѐ ' theme/theme/_rels/themeManager.xml.relsM
0wooӺ&݈Э5
6?$Q
,.aic21h:qm@RN;d`o7gK(M&$R(.1r'JЊT8V"AȻHu}|$b{ P8g/ ]QAsم(#L[ PK- ! [Content_Types].xmlPK- ! ֧ 6 + _rels/.relsPK- ! ky theme/theme/themeManager.xmlPK- ! P theme/theme/theme1.xmlPK- !
ѐ ' theme/theme/_rels/themeManager.xml.relsPK ]
U& . : $ $ $ $ $ $ $ $ $ ' = /" * n. b0 Q3 G4 6 6 # % & ( * , - < Q X i 0 * * ~. . . / // R/ |/ / / / 0 0 70 a0 p0 0 0 0 1 +1 _1 1 1 1 1 #2 N2 m2 2 2 2 3 +3 N3 {3 3 3 4 >4 G4 s4 4 4 4 '5 Q5 z5 5 5 5 6 16 J6 e6 6 6 6 6 ! " $ ' ) + . / 0 1 2 3 4 5 6 7 8 9 : ; = > ? @ A B C D E F G H I J K L M N O P R S T U V W Y Z [ \ ] ^ _ ` a b c d e f g h j ! J d . X ' ! ! 8 @ 0 (
B
S ? hd |X
hd hd TJ hd J
hd hd ܐ hd hd hd ܑ
" & & . % % $ $ " & & . 9 *urn:schemas-microsoft-com:office:smarttagsplace 8 *urn:schemas-microsoft-com:office:smarttagsCity 8 *urn:schemas-microsoft-com:office:smarttagstime = *urn:schemas-microsoft-com:office:smarttags PlaceName = *urn:schemas-microsoft-com:office:smarttags PlaceType B *urn:schemas-microsoft-com:office:smarttagscountry-region H 014308HourMinute f
o
I R k s 9 B D l & & & & & & & & & & & & & & & ' ' ' ' '
' ' ' -' /' 0' 1' 6' 7' 8' 9' P' R' S' T' Y' Z' [' \' z' |' }' ~' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ( ( ( ( ( (
( ( ( ( ( #( $( %( &( 5( 7( 9( :( ?( @( F( G( `( b( d( e( j( k( o( p( ~( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ) ) !) ") ') () *) +) T) V) X) Y) ^) _) a) b) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) * * * * "* #* )* ** C* E* G* H* M* N* R* S* a* d* f* g* l* m* o* p* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * + + + "+ %+ *+ ,+ C+ E+ G+ H+ M+ N+ P+ Q+ p+ r+ t+ u+ z+ {+ + + + , , , ), *, =, >, C, E, F, G, R, S, i, j, o, q, r, s, , , , , , , , , , , , , , , , , , , , , , , , ,
- - - - %- '- (- )- 6- 7- J- K- P- R- S- T- b- c- y- z- - - - - - - - - - - - - - - - - - - - - - - - . . . .
. . . 0. 1. 6. 8. :. ;. I. J. Z. [. `. b. d. e. s. t. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . a e z I S d . . . . . . . . . . . . . . 3 3 3 3 3 3 w y z ~ = i o p t - - D " " " " p# # # R& U& & & & ' ' .' /' Q' R' {' |' ' ' ' ' ' ( ( ( 6( 7( a( b( ( ( ( ( ( ( ) ) U) V) ) ) ) ) ) ) * * D* E* c* d* * * * * * * * * #+ $+ D+ E+ q+ r+ + + + + + + + + + + , D, E, p, q, , , , , , , &- '- Q- R- - - - - - - . . 7. 8. a. b. . . . . . . . . . . . . . . . . . . w y ~ = - - D " " # R& & & & ' ' .' /' Q' R' {' |' ' ' ' ' ' ( ( ( 6( 7( a( b( ( ( ( ( ( ( ) ) U) V) ) ) ) ) ) ) * * D* E* c* d* * * * * * * * * #+ $+ D+ E+ q+ r+ + + + + + + + , D, E, p, q, , , , , , , &- '- Q- R- - - - - - - . . 7. 8. a. b. . . . . . . . . . . . . . . . . . . p U%o r =Buz< ? .
p nB*n
,90U 2^^ u\3&^ w7" UI C:!B %izVwH HVz.g `%b8 gkm niJ% -Mv_. . h ^`B* aJ ph h H . h
^`h H . h
pL p^p`Lh H . h
@ @ ^@ `h H . h
^`h H . h
L ^`Lh H . h
^`h H . h
^`h H . h
PL P^P`Lh H . h
^`o( h H .
^`h H .
pL p^p`Lh H .
@ @ ^@ `h H .
^`h H .
L ^`Lh H .
^`h H .
^`h H .
PL P^P`Lh H . h
^`h H . h
^`h H . h
pL p^p`Lh H . h
@ @ ^@ `h H . h
^`h H . h
L ^`Lh H . h
^`h H . h
^`h H . h
PL P^P`Lh H . h
^`h H . h
^`h H . h
pL p^p`Lh H . h
@ @ ^@ `h H . h
^`h H . h
L ^`Lh H . h
^`h H . h
^`h H . h
PL P^P`Lh H . h ^`OJ QJ o( h H h ^`OJ QJ ^J o( h H o h p p^p`OJ QJ o( h H h @ @ ^@ `OJ QJ o( h H h ^`OJ QJ ^J o( h H o h ^`OJ QJ o( h H h ^`OJ QJ o( h H h ^`OJ QJ ^J o( h H o h P P^P`OJ QJ o( h H h ^`OJ QJ o( h H h ^`OJ QJ ^J o( h H o h p p^p`OJ QJ o( h H h @ @ ^@ `OJ QJ o( h H h ^`OJ QJ ^J o( h H o h ^`OJ QJ o( h H h ^`OJ QJ o( h H h ^`OJ QJ ^J o( h H o h P P^P`OJ QJ o( h H h
^`h H . h
^`h H . h
pL p^p`Lh H . h
@ @ ^@ `h H . h
^`h H . h
L ^`Lh H . h
^`h H . h
^`h H . h
PL P^P`Lh H . ^`o( .
^`h H .
pL p^p`Lh H .
@ @ ^@ `h H .
^`h H .
L ^`Lh H .
^`h H .
^`h H .
PL P^P`Lh H . h
^`h H . h
^`h H . h
pL p^p`Lh H . h
@ @ ^@ `h H . h
^`h H . h
L ^`Lh H . h
^`h H . h
^`h H . h
PL P^P`Lh H . ^`6 o( )
^`h H .
pL p^p`Lh H .
@ @ ^@ `h H .
^`h H .
L ^`Lh H .
^`h H .
^`h H .
PL P^P`Lh H . . h
^`h H . h
^`h H . h
pL p^p`Lh H . h
@ @ ^@ `h H . h
^`h H . h
L ^`Lh H . h
^`h H . h
^`h H . h
PL P^P`Lh H . h
8 8^8`h H . h
^`h H . h
L ^ `Lh H . h
^ `h H . h
x x^x`h H . h
HL H^H`Lh H . h
^`h H . h
^`h H . h
L ^`Lh H . ^`o( )
^`h H .
pL p^p`Lh H .
@ @ ^@ `h H .
^`h H .
L ^`Lh H .
^`h H .
^`h H .
PL P^P`Lh H . h
^`h H . h
^`h H . h
pL p^p`Lh H . h
@ @ ^@ `h H . h
^`h H . h
L ^`Lh H . h
^`h H . h
^`h H . h
PL P^P`Lh H . h
^`h H . h
^`h H . h
pL p^p`Lh H . h
@ @ ^@ `h H . h
^`h H . h
L ^`Lh H . h
^`h H . h
^`h H . h
PL P^P`Lh H . u\3 .
2 HV ni r w7 ? =Bu `%b -Mv UI C %izV p g
,90 nB* $l '
't ; ]v ; $e6i9 i9xZ = LwD = GsS xZLwD ]v't 7 7 L k S 7 Pw p;
xb
j
Cd " J9 V' C w 7 J 8V ]a ; F " B" Q" # <# N# r& ' k' E) g* * t+ !8, S, g, - ?- }-
0 1 ><1 H1 &s1 2 /2 3 J3 M3 f3 UC4 7D5 T5 r5 d6 -6 97 . 9 (T9 ]: !: a= Mj= |.> ? V@ pb@ #"B $B &CB yB C -RC NE QF rI RI K?K L *M _fM O zO {O `5P yP 9R 2S U bV m V TV jV cW iW -Z 1EZ hZ 4] r] A^
_ eb Y~b 'c e Z6e 2f Dcf 6i Mvi zj V9j [j Awl #o jFp lp $0r u 5u 9u /v o6v Pw ,z C{ ,| h~ 5x # 3v i + & } `* 6 VE iT
~3 A [ p i v& % n b # n Z9 t~ + / g j \ ?t I : K 3 ; Td ^j T p ] | K 2 1 : & O Ix ` :k [- ? G ? l 0 g W % P^ X Xr F# 4 Y x 1 = I t - k\ , # ( _l |d k n t 6 u9 *Y e f ~ 5 G |t r % u e= ;w T u CO @ nV G T3 uT $ ' . . @ . @ U n k n o w n G * T i m e s N e w R o m a n 5 S y m b o l 3. * A r i a l ?= * C o u r i e r N e w ; W i n g d i n g s A B C a m b r i a M a t h " 1 h ˚FȦF ' T ' T y$ 4 d . . 2Q HX ? u 2 ! x x s y l l a b u s
J i m R o m e r o M a r s h a l l S c h o o l o f B u s i n e s s P
Oh +'0 $ 0
P \ h
t syllabus Jim Romero Normal.dotm Marshall School of Business 6 Microsoft Office Word @
@ 2y: @ R&@ m ' ՜. +,D ՜. +,4 h p |
T . syllabus Title 8 @ _PID_HLINKS A p g f h t t p : / / b l a c k b o a r d . u s c . e d u /
! " # $ % & ' ( ) * + , - . / 0 1 2 3 4 5 6 7 8 9 : ; < = > ? @ A B C D E F G H I J K L M N O P Q R S T U V W X Y Z [ \ ] ^ _ ` a b c d e f g h i j k m n o p q r s t u v w x y z { | } ~ R o o t E n t r y F 짡 D a t a
l 2 1 T a b l e f W o r d D o c u m e n t
d S u m m a r y I n f o r m a t i o n ( D o c u m e n t S u m m a r y I n f o r m a t i o n 8 M s o D a t a S t o r e
㧡秡 E V K 5 O P M 4 1 J Q A = = 2
㧡秡 I t e m
P r o p e r t i e s U C o m p O b j
y
F' Microsoft Office Word 97-2003 Document
MSWordDoc Word.Document.8 9q