Corporate Finance #13 Investment Banking & Long-Term Debt

Corporate Finance #13 Investment Banking & Long-Term Debt

Corporate Finance #13 Investment Banking & Long-Term Debt

Learn about capital markets, investment banking, and long-term debt and lease financing from a (CPA)

Language: english

Note: 4.0/5 (50 notes) 23,033 students

Instructor(s): Robert (Bob) Steele

Last update: 2022-05-20

What you’ll learn

  • Define capital markets
  • Describe government securities
  • Explain what corporate securities are
  • Describe the role exchanges play
  • Explain the concept of market efficiency
  • List and describe security markets regulations
  • Describe the role of investment bankers
  • Compare public and private financing
  • Explain what long term debt financing is
  • Describe bond prices, yields, and bond ratings and how they are used in decision making

 

Requirements

  • Basic understanding of corporate finance concepts

 

Description

This course will discuss capital markets, investment banking, & long-term debt and lease financing.

We will include many example problems, both in the format of presentations and Excel worksheet problems. The Excel worksheet presentations will include a downloadable Excel workbook with at least two tabs, one with the answer, the second with a preformatted worksheet that can be completed in a step-by-step process along with the instructional videos.

Types of security markets include money markets and capital markets. Money markets are short-term in nature, with securities that have maturities of one year or less. Capital markets are long-term markets with securities that have maturities greater than one year. Our focus will be on capital markets.

Capital markets help link up businesses that need money to expand with investors who would like to find a good investment for their money.

Investment bankers often act as a middle person between the company issuing securities and the investors, the investment bankers taking on substantial risk as they play their role in the process. Investment bankers design and package securities, make offers, and sell to the public.

Commercial banks differ from investment banks. Commercial banks usually deal with individuals and small companies. They generate revenue from interest on home mortgages and small business loans.

Investment banks take much larger risks. They deal with large companies and high-risk startups. They act as a kind of bridge between the companies and the investors.

Capital intensive industries often need debt financing to grow, the most common form being corporate bonds.

We will compare and contrast debt financing and equity financing, discussing the pros and cons from the standpoint of the corporation and from that of the investor.

 

Who this course is for

  • Business students
  • Business professionals

 

Course content

  • Capital Markets
    • 1405 Capital Markets Overview
    • 1410 Government Securities
    • 1415 Corporate Securities
    • 1420 Exchanges
    • 1425 Market Efficiency
    • 1430 Security Markets Regulation
  • Investment Banking
    • 1505 Investment Banking Overview
    • 1510 Pricing the Security and Dilution
    • 1515 Public vs Private Financing
  • Presentations – Long-Term Debt and Lease Financing
    • 1610 Long Term Debt & Lease Financing Overview
    • 1615 Bond Prices, Yields, & Ratings
    • 1620 Bond Refunding Decision
    • 1625 Other Forms of Bond Financing
    • 1630 Debt Pros & Cons 4min
    • 1635 Leasing as a Form of Debt Financing
  • Practice Probs. – Long-Term Debt and Lease Financing
    • OneNote Resource
    • 1611 Bond Coupon Rate, Current Yield, and Yield to Maturity
    • 1614 Bond Coupon Rate, Current Yield, and Yield to Maturity Comparison
    • 1616 Calculate Multiple Bond Value
    • 1617 Debenture that is Callable Price Calculation
    • 1618 Impact of Bond Rating Change on Bond Price
    • 1621 Zero Coupon Rate Bond Price Calculation
    • 1622 Zero Coupon Bond Effective Yield to Maturity
    • 1624 Impact of Inflation on Borrowing
    • 1625 Bond Purchase on Margin & Then Sold
    • 1627 Bond Refunding Decision Prob. 1
    • 1628 Bond Refunding Decision Prob. 2
    • 1630 Capital Lease vs Operating Lease Determination
    • 1631 Capital Lease vs Operating Lease Balance Sheet Impact
  • Excel Probs. – Long-Term Debt and Lease Financing
    • 1611 Bond Coupon Rate, Current Yield, and Yield to Maturity
    • 1614 Bond Coupon Rate, Current Yield, and Yield to Maturity Comparison
    • 1616 Calculate Multiple Bond Value
    • 1617 Debenture that is Callable Price Calculation
    • 1618 Impact of Bond Rating Change on Bond Price
    • 1621 Zero Coupon Rate Bond Price Calculations
    • 1622 Zero Coupon bond Effective Yield to Maturity
    • 1624 Impact of Inflation on Borrowing
    • 1625 Bond Purchase on Margin & Then Sold
    • 1627 Bond Refinancing Decision Prob 1
    • 1628 Bond Refinancing Decision Prob 2
    • 1630 Capital Lease vs Operating Lease Determination
    • 1631 Capital Lease vs Operating Lease Balance Sheet Impact
    • 1632 Size of Lease Payment Calculation

 

Corporate Finance #13 Investment Banking & Long-Term DebtCorporate Finance #13 Investment Banking & Long-Term Debt

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