FIN 540 Complete Course

Wednesday, 29 July 2015

FIN 540 Complete Course

FIN 540 Complete Course
Click below link for Answers visit
Homework Link

FIN 540 Week 1 Discussion
"Risk and Return" Please respond to the following:
·         Go to Yahoo! Finance’s Website, located at Select a publicly traded company in which you are interested, and figure out its symbol (e.g.: Apple-AAPL). Insert the company symbol into the search bar on the left-hand side where it reads “Quote Lookup” and click “Go”. Once on the stocks trading page, look for the vertical blue menu on the left of the page. Scroll down to “COMPANY,” click on the link titled “Key Statistics,” and review basic financial metrics for the chosen company. Discuss two (2) key financial metrics used by investors to evaluate the riskiness of a stock. Select the financial metric that you would be most likely to use and explain your reasoning. Support your selection with one (1) real-world example.
·         Examine the concept of risk and return as it applies to financial instruments. Determine the relationship between the two (2) and whether or not the relationship between risk and return always holds true. Provide a rationale for your response.

FIN 540 Week 1 Homework
FIN 540 Week 2 Discussion
"Investment Banking" Please respond to the following:
·         Examine the manner in which investment banks previously used leverage to multiply profits and thus endangered the entire global financial system. Determine the role that the 1999 elimination of the Glass-Stegall Act played in the endangerment of the global financial system.
·         Discuss the role of Special Purpose Entities (SPEs) in the fall of Enron. Examine the method in which Enron used SPEs to hide its liabilities. Determine the key reasons why accountants, investors, and creditors found it challenging to determine the real assets and liabilities of the company.

FIN 540 Week 2 Homework
FIN 540 Week 3 Discussion
"Capital Structure and Tax Shields" Please respond to the following:
·         Go to Yahoo! Finance’s Website, located at, and navigate to the page of the publicly traded stock you chose in Week 1. Then, click on the “SEC Filings” link on the left-hand side of the page under “COMPANY”. Review the debt structure of the company you have chosen by reading the company’s latest quarterly report and determining whether it has any convertible bonds or long-term debt. Recommend two (2) actions that the selected company can take in order to optimize its capital structure. Provide a rationale for your recommendation.
·         Recommend two (2) uses of a tax shield that can improve return on the equity of a firm. Determine what the optimal degree of leverage would be as far as the firm’s capital structure is concerned. Suggest two (2) strategies you would use to optimize shareholder value by altering the firm’s capital structure.

FIN 540 Week 3 Homework
FIN 540 Week 4 Discussion
"Derivatives" Please respond to the following:
·         Use the Internet to research the role of credit default swaps (CDSs) and other derivatives in the financial collapse of 2008. Examine the derivatives that were involved in the financial collapse of 2008. 
·         Speculate on the most likely cause(s) of the collapse. Support your position with one (1) example.

FIN 540 Week 4 Homework

FIN 540 Week 5 Discussion
"Bankruptcy" Please respond to the following:
·         Use the Internet to locate four (4) different recent bankruptcy filings from publicly traded corporations. Then, use the Internet to locate information on Altman’s Z-Score. Propose two (2) steps that a company could take in order to avoid bankruptcy. Provide a rationale for your proposals. 
·         Analyze the components of Altman’s Z-Score. Suggest at least two (2) decisive measures that a company could take in order to lower its probability of bankruptcy.

FIN 540 Week 6 Discussion
"Portfolio Theory" Please respond to the following:
·         Imagine that one (1) of your clients has $100,000 to invest. Propose the manner in which you would apply portfolio theory to this scenario. Justify your response.
·         Speculate on where your client would be on the efficient frontier and if your client’s preference curve would be more vertical or more horizontal. Provide a rationale for your response.

FIN 540 Week 6 Homework

FIN 540 Week 7 Discussion
"Short-Term Financing" Please respond to the following:
·         Imagine you are an entrepreneur with a new idea and would like to start a business with your idea, but lack capital. Go to the U.S. Small Business Administration’s Website, located at, and read about the Small Business Investment Companies (SBIC) Program. Also, explore the Website for information regarding sources available for providing venture capital. Provide an overview (two to three [2-3] paragraphs) of your start-up company. In the overview of your company, describe its products, historical financial performance, major capital investments in the last five (5) years, past sources of financing, and plans for future expansion.  
·         Analyze two (2) sources that might be available to provide venture capital for your start-up. Compare and contrast the major advantages and disadvantages of one (1) over the other. Select the source that you believe is a better fit for your start-up and justify your selection.

FIN 540 Week 7 Homework

FIN 540 Week 8 Discussion
"Inventory Control Systems" Please respond to the following:
·         Select a successful publicly traded company that you are interested in and use the Internet to research its use of inventory management systems and technology. Examine the inventory management system of the selected publically traded company. Determine the key ways that inventory management systems and technology have given the selected company a competitive advantage in the marketplace.
·         Evaluate the efficiency of two (2) common inventory control systems. Determine the ways in which they provide a firm with a competitive advantage in the marketplace. Justify your response.

FIN 540 Week 8 Homework

FIN 540 Week 9 Discussion
"Pension Plan Management" Please respond to the following:
·         Use the Internet to locate information on recent changes to pension laws and the effects that these changes are having on pensioners. Analyze one (1) recent change that has been made to pension laws designed to protect consumers and pensioners. Provide two (2) examples that illustrate how this change has either improved or worsened the economic situation for many pensioners.
·         Imagine that you have a choice between a defined benefit plan and a defined contribution plan. Determine two (2) advantages and two (2) disadvantages of each. Select the plan that you prefer and justify your answer with an explanation.

FIN 540 Week 9 Homework

FIN 540 Week 10 Discussion
"Non-Profit Organizations" Please respond to the following:
·         Propose two (2) techniques that a nonprofit can use to measure management and employee efficiency within its organization. Speculate on the major benefits that these techniques may have on the organization. 
·         Determine whether or not traditional financial and management evaluation ratios such as return on assets (ROA), return on equity (ROE), economic value added (EVA), and market value added (MVA) apply to nonprofits. Support your response with at least two (2) examples of these instances.

FIN 540 Week 10 Assignment 1 Galaxy Skis
Assignment 1: Galaxy Skis
Due Week 10 and worth 400 points
Galaxy International is a small privately held company in the Northeast U.S. which manufactures high- tech carbon composite skis for the U.S. market. The company has been in business for 20 years, has 125 employees, and has $50 million in annual sales. Its owner, Jeremy Riven, is an ex-Olympic skier who developed the proprietary technology and bonding polymers that give Galaxy skis their unique flexibility, durability, and propensity to need low maintenance—all of which serious skiers in the U.S. have come to prize. Major costs involved in the manufacturing of skis are oil polymers, carbon fiber, and labor. Ski technicians are highly skilled machinists, and manufacturing the finished product is as much an art form as it is a science.

Jeremy has recently considered an initial public offering (IPO) to allow the firm to raise the funds it needs to go international. The underwriting group from Morgan Stanley believes they could easily raise sixty (60) million in the equity markets, and fifty (50) million in the bond market. Jeremy is trying to determine the cost of debt, the cost of equity (four [4] million shares at $15/share), and the firm’s weighted average cost of capital if he goes public and issues corporate bonds with a coupon rate of 8%. Last year, the firm resided in a 28% tax bracket. The risk-free rate in the U.S. is 2%, and the expected return on the market is 14%. Morgan Stanley estimates Galaxy’s beta, if traded publicly, would be approximately 1.8%. Galaxy has been growing at 15% a year since its inception.

Jeremy would like to expand his current U.S. facility from 40,000 square feet to 100,000 square feet, automate certain processes which heretofore have been done manually, and outsource work to China, where he plans to either build or lease a plant to extend his ski line worldwide. He could build a 50,000- square-foot facility in Canton for fifty (50) million dollars, or lease a similar facility for ten (10) million a year. Annual operating costs would be twenty (20) million dollars, and projected free cash flow, based on past experience, would be twelve (12) million a year (whether he leases or buys). The life of the plant would be fifteen (15) years, and inflation in China is currently running at 6% annually. Galaxy would repatriate profits from the Chinese operation and consolidate them with those of the U.S. operations. All expenses of operating the plant in China would be in Yuan.
Use the Internet to locate information about current events in China related to its economic state.
Faculty Note: If you would like to substitute China with a different country to avoid plagiarism, please do so.
Write a six to eight (6-8) page paper in which you:
1.      Examine the pros and cons of an IPO for Galaxy International. Recommend whether the company should or should not proceed with an IPO.
2.      Evaluate the appropriateness of the financing alternatives and strategies that are available to Jeremy, and select the one (1) you believe best suits the company. Provide support for your rationale.
3.      Determine the advantages of debt over equity, and what each would cost after taxes. Determine Galaxy’s weighted average cost of capital (WACC) if it uses both alternatives to raise capital (i.e., debt and equity).
4.      Recommend one (1) financial instrument that Jeremy could use in order to ensure a stable supply of oil for his operations and to protect his firm from currency translation losses.
5.      Suggest one (1) approach that Jeremy can use to hedge his currency translation and transaction exposure to the Yuan. Provide support for your suggestion.
6.      Determine whether Jeremy should lease or buy the plant in China. Justify your position using information regarding the current economic state in China.
7.      Imagine that you are a portfolio manager. Determine whether or not you would want to participate in the IPO if Galaxy International goes public. Provide a rationale for your decision. Determine the expected return on the stock using Capital Asset Pricing Model (CAPM).
8.      Determine if the Galaxy International’s expected returns would exceed its WACC. Provide a rationale.
9.      Use at least five (5) quality academic resources in this assignment. Note: Wikipedia and other Websites to not qualify as academic resources.
Your assignment must follow these formatting requirements:
·         Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
·         Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
The specific course learning outcomes associated with this assignment are:
·         Examine the concepts related to financial management and the financial environment.
·         Evaluate different types of financing available in the marketplace and the related impact on firm value.
·         Examine the various alternatives to managing and mitigating business and financial risk with the use of forwards, futures, swaps, and options.
·         Evaluate how simulation and scenario analysis can be used to improve an organization’s forecasting ability, and reach an optimal financing mix through the use of these instruments
·         Develop strategies to protect a firm from financial distress.
·         Examine the tools and methods used for portfolio analysis.
·         Use technology and information resources to research issues in corporate finance. 
·         Write clearly and concisely about corporate finance using proper writing mechanics.
Click here to view the grading rubric. 

FIN 540 Week 11 Discussion
"Transfer It" Please respond to the following:
·         Propose two (2) applications of knowledge that you have learned in this course that you could apply to your current or future career. 
·         Rate the three (3) most important concepts that you learned in this course in order of importance (one [1] being the most important). Provide a rationale for your ratings.

FIN 540 Complete Course
Click below link for Answers visit
Homework Link

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