FINANCE 341 and 409– Spring 2011

INSTRUCTOR: Sally Guyton, Wehner 351L, 845-4867, Office Hours: MWF 11:10 – 12:30
WEBSITE: eLearning (for grades, syllabus, handouts)
E-MAIL for TA: [email protected] (Read this syllabus FIRST before emailing questions – do NOT abuse this service.
PUT YOUR ROSTER # ON ALL EMAILS!)

MATERIALS:
Fundamentals of Financial Management (Concise 6th Edition), Brigham/Houston, South-Western, 2009. REQUIRED
Financial Management Interactive Guide, South-Western, revised Spring 2011 REQUIRED
Past Exams - available at Copy Corner REQUIRED
Homework Solutions – available at Copy Corner OPTIONAL
Study Guide, for Brigham text. VERY OPTIONAL (on reserve in WCL)
Business Week RECOMMENDED READING

PREREQUISITE for 341: Admission to upper division in Mays Business School.

PREREQUISITE for 409: ACCT 209 OR 229 or equivalent; junior classification; for students other than business and agribusiness.

INFORMAL LABS: Optional homework labs have been scheduled during the week and will be taught by the Teaching Assistants.
The labs will focus on the current homework assignment's problems, not questions (as a rule). If time permits, you may ask questions
about textbook material or about what was said in the classroom. Lab times and rooms are on the accompanying LAB TOPIC
SCHEDULE. (All Monday, Wednesday and Thursday labs will be in Wehner 184 from 7 pm to 9 pm. All Friday labs will be in
Wehner 184 from 3 to 5 pm.)

HELP DESK (Wehner 354): You may get individual help from the TAs in the Help Desk (hours TBA). Also, homework check
figures and S-T problem solutions are in the back of the text, and full solutions for the HW problems are available at Copy Corner.

HOMEWORK QUIZZES: Homework assignments will NOT be turned in for a grade. Instead, a Homework Quiz over each
assignment AND correlating lecture material will be taken during class on the due date (as given on the HW Assignment page in this
packet). Grades are posted 9 days later and the graders are rotated for each quiz. Ten quizzes are scheduled, but you will have
unscheduled quizzes covering lecture material occasionally. Your top 8 quiz grades will count. No makeup quizzes will be given,
regardless of the reason of your absence or tardiness, because we have adopted a liberal drop policy.

EXAMINATIONS: Feb. 9 7:15 - 9:15 pm Bring your picture ID. Rooms TBA
Mar. 9 7:15 - 9:15 pm Bring your picture ID. Rooms TBA
April 13 7:15 - 9:15 pm Bring your picture ID. Rooms TBA
When the exam is over, keys will be posted on the website so you can check "unofficially" how well you did on the exam. Exam grades
will be posted usually by Monday morning on the website. Be sure to check the posted grade promptly. (Sometimes a student
calculates a different grade than the scanning machine, but in all cases that we have checked (literally 100s), the scanning machine was
correct and the student bubbled their scantron differently than what they thought. Please be careful, your scantron determines your
grade.)

You will be given a formula sheet to use during each exam. You may pick up a copy of this formula sheet from the Help Desk.
Make sure you are aware of what formulas are NOT given. All regular examinations will be objective (i.e. 20 to 25 multiple-choice
questions). You will need to BRING a large gray SCANTRON to each exam.

MAKE-UP EXAMS: Makeup Exams may not be multiple choice this semester. Instead, they may consist of short essay questions and
problems. In order to qualify to take a make-up examination you must (1) have a University-approved excuse (See Student Rule 7 for
details (http://student-rules.tamu.edu/rule7.htm) with documentation to verify that excuse (e.g. medical bill, obituary, ...), and (2)
complete the Authorized Absence form provided at the Help Desk (W354). This form and documentation must be presented to the Help
Desk prior to the day of the exam except in the case of a legitimate emergency or current illness; in such case, turn in the form and
documentation to the Help Desk (W354) as soon as you return to school (but no less than 5 days ahead of the Make-up Exam so we have
time to put you on the Authorized Make-up Exam List). An unexcused absence during a scheduled examination will be recorded as a
zero on the student's record. If you are unable to take the Make-up Exam at the scheduled time because of a documented University-
approved absence, your final exam will comprise 40% (32% for 409) of your course grade (instead of 20%; 16%). We are unable to
give make-up exams at individual times. Afterward, if you want to see your Make-up Exam, you will need to see your professor (not
the TAs).

Make-up exams will be held at 7:00 pm (be there at 6:50 pm) in Wehner 184 according to the following schedule:
Make-up Exam #1 Tuesday, February 22
Make-up Exam #2 Tuesday, March 29
Make-up Exam #3 Tuesday, April 26
OLD EXAM FILES: Copies of past exams are available at Copy Corner. These are very helpful, but do not rely solely on these old
exams. In past semesters, some students have gone over old exams trying to memorize patterns for questions rather than trying to
understand the concept involved. This does not work very well in preparing for an exam. Also, always take one of the exams with
just the formula sheet (available in W354) at your fingertips (put away homework, lecture notes, etc....)!!

GRADING ERRORS: If any of your work is graded or recorded incorrectly, you must submit a written request for review WITHIN
THREE WEEKS from the time that quiz or exam was given. Any request that is turned in after this time limit will NOT be
considered. Your request must be on one of the Request for Review forms provided at our Help Desk (W354), and should be turned in
to the Help Desk. (If requesting a review of your quiz grade, ask the Help Desk TA to add your quiz to your form and turn it in for you.
You may look at your quiz in the Help Desk, but may not leave the premises with it.) You may pick up the response to your request
about a week later from the Request for Review Return file kept at the Help Desk.

FINAL EXAMINATIONS: Finals will be held in your regular classroom (NOT where your previous exams have been). The format
for the final is the same as the other three exams (20 to 25 MC questions). The final is comprehensive and mandatory, and MUST be
taken at the scheduled time.

AGGIE HONOR: "An Aggie does not lie, cheat or steal, or tolerate those who do." Anyone participating (actively or passively) in
the unethical utilization or exchange of information during an exam or quiz will receive a failing grade in Finance 341/309 and will
have a memorandum explaining his or her involvement in the incident placed in his or her permanent record in the Dean's office.
Help reduce the opportunity to cheat by covering your work and by keeping your Scantron answer sheet covered or turned face
down. Refer to the Honor Council Rules and Procedures on the web http://www.tamu.edu/aggiehonor to truly understand the
severity of the penalties.

GRADING for 341:

Homework Quiz Avg. 20% A = 89.5%-100%
Exams (20% ea.) 60% B = 79.5%-89.4%
Final Exam 20% C = 69.5%-79.4%
Total 100% D = 59.5%-69.4%
F = 0-59.4%
GRADING for 409:
Homework Quiz Avg. 20% A = 89.5%-100%
Exams (16% ea.) 48 B = 79.5%-89.4%
Investment Project 16 C = 69.5%-79.4%
Final Exam 16 D = 59.5%-69.4%
Total 100% F = 0-59.4%

CLASS ATTENDANCE: Class attendance is expected. A high correlation exists between regular class attendance and success in the
course. Remember that at least 2 unscheduled quizzes will be held during the semester.

BUSINESS ETIQUETTE: Any activities that tend to distract the class' attention from the subject at hand will not be acceptable, and
students may be moved or asked to leave the room. TURN OFF AND PUT AWAY CELL PHONES!

CALCULATORS: You will need to use a financial calculator in this course. Your calculator must be capable of solving for (1) PV,
(2) FV, (3) PMT, (4) i or i/yr, (5) n, (6) NPV, (7) IRR, (8) square root, and (9) y x . Each student is responsible for reading his/her
calculator's manual in order to become proficient in the use of his/her calculator. Sharing calculators during an exam is prohibited.
Bring your own calculator (and extra batteries) plus two or three No. 2 pencils. Know how to set your calculator to 4 decimal places
and to one payment per period. This is your responsibility!

STUDENT WITH DISABILITIES: The Americans with Disabilities Act (ADA) is a federal anti-discrimination statute that
provides comprehensive civil rights protection for persons with disabilities. Among other things, this legislation requires that all
students with disabilities be guaranteed a learning environment that provides for reasonable accommodation of their disabilities. If
you believe you have a disability requiring an accommodation, please contact Disability Services, visit http//disability.tamu.edu,
call 845-1637, or go to Cain Hall, Room B118.

MAYS FOOD & BEVERAGE POLICY: We have beautiful and state-of-the-art classrooms in the Wehner Building and Cox Hall.
We want to maintain the high quality of these classrooms for the students in future years. Thus, it is necessary for you to adhere to the
established policy of no beverages (except bottled water), food, tobacco products, or animals (unless approved) within the Wehner
Building and Cox Hall classrooms. Your assistance is greatly appreciated.
 FINC 341/409 – WEEKLY TOPIC SCHEDULE – SPRING 2011

Week
of_ CHAPTER(S) TO BE COVERED
1/17 Introduction; Ch. 1 Overview; Ch. 3 Financial Statements, CF, and Taxes
Ch. 4 Ratios

1/24 finish Ch. 4; Ch. 2 Markets, Institutions

1/31 Ch. 6 Interest Rates; Ch. 5 Time Value of Money (PV and FV of Single Sum)

2/7 continue with Ch. 5 (PV and FV of Single Sum)

FIRST EXAM (Wed 2/9) 7:15-9:15 pm, rooms to be announced
To compensate for evening exam, classes are dismissed on _________ (TBA).

2/14 Ch. 5 Time Value of Money; 5A Continuous Compounding

2/21 Ch. 7 Bond Valuation; Ch. 9 Stock Valuation

2/28 continue with Ch. 9; Ch. 8 Risk and Rates of Return

3/7 finish Ch. 8

SECOND EXAM (Wed 3/9) 7:15-9:15 pm, rooms to be announced
To compensate for evening exam, classes are dismissed on 3/11 (Friday).

3/21 Ch. 10 Cost of Capital

3/28 Ch. 11 Basics of Capital Budgeting

4/4 Ch. 12 Cash Flow Estimation (through p. 375); Ch. 12A Depreciation

4/11 continue with Ch. 12 (through p. 375)

THIRD EXAM (Wed 4/13) 7:15-9:15 pm, rooms to be announced
To compensate for evening exam, classes are dismissed on _________ (TBA).

4/18 continue with rest of Ch. 12 (no class on 4/22)

4/25 Ch. 15 Cash Budget; discuss investments/mutual funds; Ch. 13 Leverage (if time)

5/2 Review (Tuesday redefined as Friday)

5/6 thru 5/11 FINAL EXAMS

FINAL EXAMINATIONS: (Double check these dates in the Spring 2011 Final Exam Schedule!)
341-501 (MWF 9:10) Mon, May 9, 8:00 am held in Wehner 114
341-502 (MWF 1:50) Tues, May 10, 3:30 pm held in Wehner 113
409-501 (MWF 10:20) Tues, May 10, 8:00 am held in Wehner 114
409-502 (MWF 12:40) Mon, May 9, 10:30 am held in Wehner 113

Note: Finals are held in your regular classroom, not where you have had your unit exams.
To take the final exam at an alternative time due to a university-approved excuse, you must sign up at the Help Desk
(Wehner 354) before 4 pm on May 4rd (Monday). Emailing the Help Desk or the instructor is NOT a valid signup.
 FINC 341/409 -- HOMEWORK ASSIGNMENTS – SPRING 2011

Assign.
No. Quiz Chapters Assignments (Q=Questions; P=Problems; STQ=Self-Test Questions)

1 1/31 M 1 Q: 2, 4, 6, 8, 9, 10 (all on p. 22)

3 P: 1, 2, 3, 4, 7, 10 (starts on p. 77)

2 2/2 W 4 ST-3 (answer in Appendix A); P: 2 – 6, 10, 12 – 16, 18, 22

3 2/7 M 2 Integrated Case: 2.1 (Smyth Barry & Company – p. 52)

6 P: 1, 2, 3, 4, 8, 9, 10, 12, 15, 16

4 2/21 M 5 P: 3 – 6, 8, 10 – 12, 16, 19 – 23, 25, 30, 32, 39, 40 (be able to show the math
behind all TVM work!!)

5 2/25 F 7 P: 1, 2, 4, 5, 8, 10, 12

6 2/28 M 9 P: 1 – 6, 8, 10, 11, 14, 15, 19

7 3/7 M 8 P: 1 – 5, 7, 9, 11, 14, 19, 21

8 3/28 M 10 P: 1 – 5, 11, 12, 14, 18, 20

9 4/6 W 11 P: 1 – 6, 12, 14, 17, 19, 21, 22

10 4/11 M 12, 12A P for Quiz #10: 9, 10

P after Exam 3: 6, 12

11 15 P: 10
 FINC 341/409 LAB TOPIC SCHEDULE – SPRING 2011

Date Day Assign. # NOTE:

1/21 Fri 1
1/24 Mon 1
1/26 Wed 1
1/27 Thurs 2
1/28 Fri 2
1/31 Mon 2
2/2 Wed 3
2/3 Thurs 3
2/4 Fri 3
2/6 Sun Review Wehner 113 7 – 9 pm
2/16 Wed 4
2/17 Thurs 4
2/18 Fri 4
2/21 Mon 5
2/23 Wed 5

2/24 Thurs 6
2/25 Fri 6

3/2 Wed 7
3/3 Thurs 7
3/4 Fri 7
3/6 Sun Review Wehner 113 7 – 9 pm
3/23 Wed 8
3/24 Thurs 8
3/25 Fri 8
3/30 Wed 9
3/31 Thurs 9
4/4 Mon 9
4/6 Wed 10
4/7 Thurs 10
4/8 Fri 10
4/10 Sun Review Wehner 113 7 – 9 pm
5/2 Monday Review (old) Wehner 113 7 – 9 pm

All M, W and Th HW labs will be in Wehner 184 from 7 pm to 9 pm.

All Friday HW labs will be in Wehner 184 from 3 to 5 pm.