| Part 1 - Introduction | 
| 1 | 1 | Introduction (PDF) | 
 | 2 | Principles of Valuation (PDF) | 
| Part 2 - Project and Firm Valuation | 
 | 3 | Evaluating Projects (1) (PDF) | 
| 2 | 4 | Case: Acid Rain: The Southern Co. | 
 | 5 | Evaluating Projects (2) (PDF) | 
 | 6 | Firm Valuation (1) (PDF) | 
| 3 | 7 | Firm Valuation (2) (PDF) | 
 | 8 | Case: Cooper Industries, Inc. | 
| Part 3 - Risk and Return | 
| 4 | 9 | Introduction to Risk and Return (PDF) | 
 | 10 | Portfolio Theory (PDF) | 
 | 11 | CAPM (PDF) | 
 | 12 | Discount Rates in Practice (PDF) | 
 | 13 | Case: Cost of Capital at Ameritrade | 
| Part 4 - Financing Policy | 
 | 14 | Raising Capital (PDF) | 
 | 15 | Capital Structure (1) (PDF) | 
 | 16 | Capital Structure (2) (PDF) | 
| 5 | 17 | Two Cases: Debt Policy at UST, Inc. and Massey-Ferguson Ltd. - 1980 | 
 | 18 | Market Efficiency (PDF) | 
 | 19 | Options (1) (PDF) | 
 | 20 | Options (2) (PDF)
  Final Exam |