Advanced Financial Management
Capital structure theories, APV, derivatives (futures, options, swaps), forex risk management, M&A valuation, and international FM.
Your Success Path
Financial Policy and Capital Structure
MM, Trade-off, Pecking OrderMM Propositions I & II · Tax shield (VL = VU + TcD) · Trade-off theory · Pecking order theory
Advanced Capital Budgeting
APV, Risk, Real OptionsAdjusted Present Value (APV) · Sensitivity and scenario analysis · Monte Carlo simulation · Real options (expand, abandon, delay)
Leasing, Dividends and Working Capital Strategy
Leasing, DividendsNAL — lease vs buy decision · Walter's and Gordon's dividend models · MM dividend irrelevance · Signalling and clientele effects
Security Analysis, Portfolio Theory and Asset Pricing
CAPM, APT, Portfolio TheoryTwo-asset portfolio — return and variance · CAPM and Security Market Line · Beta — levered and unlevered · Sharpe, Treynor, Jensen's alpha
Indian Capital Market and SEBI Regulations
Capital Market, SEBIIPO — book building, ASBA · SEBI SAST and PIT regulations · Money market instruments · Mutual fund regulations
Derivatives — Forwards, Futures and Options
DerivativesFutures hedging — number of contracts · Black-Scholes option pricing · Put-call parity · Option Greeks
Swaps and Interest Rate Risk Management
IRS, FRA, DurationInterest rate swap mechanics · FRA settlement calculation · Modified duration and price change · Convexity correction
Foreign Exchange Exposure and Risk Management
Forex RiskTransaction, translation, economic exposure · IRP and PPP · Forward, money market, options hedge · Currency futures hedge
Mergers, Acquisitions and Corporate Restructuring
M&A, LBOSynergy valuation and max price · EPS accretion/dilution · Exchange ratio · LBO structure and demergers
International Financial Management and Startup Valuation
International FM, VC MethodAPV for overseas investments · Country risk premium · VC method and startup valuation · Pre/post-money valuation