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Financial Markets

This course will introduce you to the valuation of financial contracts and the markets in which they trade.  You will learn how to value stocks, bonds, forwards, futures, and options.

Pre requirement : Student attending this course should be acquainted with the content of the Introductory Finance course: time value of money; capital budgeting; portfolio theory; CAPM.

Course Materials : Students will be provided with a reader with exercises that will complement the lectures and copies of the lecture slides.

Reference Books : (with HEC Library call numbers)

  • Finance by Bodie & Merton available in English & French (BOD-5), and
  • Investments by Bodie, Kane & Marcus available in English (BOD-5-712). CE

Class Materials

Syllabus and Schedule

Reader

Problem sets

Additional problem on Stocks A

Additional problem on Stocks B

Additional problem set on bonds A

Additional problem set on bonds B

Additional problem set on options

Additional problem on options 2

Practice exam

Practice exam 2

Formulae vade mecum

2022 Final Exam with answers

 

Review sessions: Oct 31, Nov 7, 21, 14, 28, Dec 5, from 19:40 to 21:10. The  classroom  number will be posted on the corridors screens about 10'-15' before the session.

Office hours: Will be announced on weakly basis

 

Slides

Slides on Stocks

Slides on Bonds

Slides on Forwad and Futures

Slides on Options

Slides on Options 2/2

Quiz rules

Practice quiz 1

Practice quiz 2

Practice quiz 3

Practice quiz 4