Corporate Finance #13 Investment Banking & Long-Term Debt
Learn about capital markets, investment banking, and long-term debt and lease financing from a (CPA)
1405 Capital Markets Overview
1410 Government Securities
1415 Corporate Securities
1420 Exchanges
1425 Market Efficiency
1430 Security Markets Regulation
1505 Investment Banking Overview
1510 Pricing the Security and Dilution
1515 Public vs Private 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
1635 Leasing as a Form of Debt 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 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
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
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.