FI417 Investment Analysis & Management

for S2J 2010

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Mission Statement: The mission of Park University, an entrepreneurial institution of learning, is to provide access to academic excellence, which will prepare learners to think critically, communicate effectively and engage in lifelong learning while serving a global community.

Vision Statement: Park University will be a renowned international leader in providing innovative educational opportunities for learners within the global society.


FI 417 Investment Analysis & Management


S2J 2010 PV


Kao, Robert, Ph.D.


Visiting Assistant Professor of Finance

Office Location

Norrinton 2B

Office Hours

Tuesday or Thursday 9:30-12:30 or by appointment

Daytime Phone



Class Days


Class Time

5:30 - 9:50 PM


All students should enrolled in this class should have taken FI 360.

Credit Hours



Fundamentals of Investments, 5th Edition by Bradford D. Jordan and Thomas W. Miller, McGrow-Hill, ISBN #9780073382357

Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville Bookstore

Additional Resources:

McAfee Memorial Library - Online information, links, electronic databases and the Online catalog. Contact the library for further assistance via email or at 800-270-4347.
Career Counseling - The Career Development Center (CDC) provides services for all stages of career development.  The mission of the CDC is to provide the career planning tools to ensure a lifetime of career success.
Park Helpdesk - If you have forgotten your OPEN ID or Password, or need assistance with your PirateMail account, please email or call 800-927-3024
Resources for Current Students - A great place to look for all kinds of information

Course Description:
FI417 Investment Analysis and Management: A study of investment alternatives, selection criteria, and portfolio management. Emphasis is placed on economic, financial, and market factors which affect the values of alternative investments, while studying risk management associated with investment management. Prerequisite: FI360 or permission of the instructor. 3:0:3

Educational Philosophy:


·         Establish a classroom where ideas can be shared, students can be challenged in areas of topic learning and real knowledge can be exchanged.

·         Create an interactive environment which is based on lectures, readings, quizzes, dialogues, examinations, assignments, websites, and topic-related writings.

·         Motivate the class with available on-campus seminars and/or hands-on experiences that would support student learning.


Learning Outcomes:
  Core Learning Outcomes

  1. Perform research on securities.
  2. Define the theoretical and practical application of investing in portfolios.
  3. Define the workings of investment funds and securities markets.
  4. Explain the relationship between current events and investments.

Core Assessment:

Class Assessment:

Your grade will be determined solely by the components listed above. All exams are in-class, closed-book. They cover material from lectures, assigned readings, and homework assignments. Exams will strive to test comprehension and not merely memorization skills.

All final exams will be comprehensive and will be closed book and closed notes.  If calculators are allowed, they will not be multifunctional electronic devices that include features such as: phones, cameras, instant messaging, pagers, and so forth.  Electronic Computers will not be allowed on final exams unless an exception is made by the Associate Dean.


Grades will be based on the student’s performance on three in-class tests, homework assignments, and portfolio investment report based on Stock-Trak simulation. Your overall score in the course will be determined mechanically as the weighted average of the five component scores.

Test 1 (covering module 1):           20%
Test 2 (covering module 2):           20%

Final (comprehensive):                  20%

Homework Assignments:                10%

Portfolio Investment Report:           30%

Total                                         100%

A = 90-100%

B = 80-89%

C = 70-79%

D = 60-69%

F = < 60%

The course grade for students will be based on the overall average of homework and tests taken during the course in accordance with the weighting of the various requirements as stated in the syllabus.

All final exams in all School of Business courses will be comprehensive and will be closed book and closed notes. They will constitute 30% of the total course grade and will not be a take-home exam. They will be completed during the test week in the period designated by the registrar or by the Proctor in the case online courses. If calculators are allowed, they will not be multifunctional electronic devices that include features such as: phones, cameras, instant messaging, pagers, and so forth. Electronic Computers will not be allowed on final exams unless an exception is made by the Dean of the School of Business.

Late Submission of Course Materials:
Late submission of material will not be accepted without prior arrangements being made with the instructor. No late assignments will be accepted after the regular semester ends.

Classroom Rules of Conduct:
Use of cell phones, pagers, iPOD, or other electronic device is strictly prohibited from class. Should a student be expecting some sort of emergency phone call (IE baby, child, parent illness), it is the student's responsibility to leave the class to take a call. With exception to the above listed examples, all phones should be turned off prior to class beginning.

Course Topic/Dates/Assignments:

Course Schedule*



Chapter and Subject


Module 1

Chapter 1: Investment Background, Risk and Return Characteristics

Q&P: 1, 3, 6, 9, 14, 16, 19


Chapter 2: Financial Instruments, Margin and Short Sell Constraints

Q&P: 2, 3, 7, 9, 12, 15, 22, 24


Chapter 3: Overview of Securities

Q&P: 1, 3, 5, 6, 7, 11, 13, 16, 20


Chapter 4: Mutual Funds and Other Investment Companies

Q&P: 2, 3, 5, 8, 10, 11, 12, 16, 19

Test 1

Chapters 1-4


Module 2

Chapter 11: Diversification and Efficient Frontier

Q&P: 3, 6, 7, 9, 10, 11, 12, 14


Chapter 12: Returns, Risks, and Introduction to CAPM

Q&P: 2, 3, 5, 6, 7, 9, 15, 21


Chapter 7: Market Efficiency

Q&P: 1-4


Chapter 8: Behavioral Finance

Q&P: 1-4, 6, 7, 9, 10

Test 2

Chapters: 7, 8, 11, 12


Module 3:

Chapter 5&6: Equity Valuation

Ch. 5 (Q&P: 1, 3-8); Ch. 6 (Q&P: 1, 3, 5, 6, 8, 10, 12)


Chapter 9&10: Interest Rates, Bond Prices and Yields

Ch. 9 (Q&P: 2, 4, 5, 7, 9); Ch.10 (Q&P: 1, 2, 5, 7, 9)


Chapter 16: Introduction to Options and Options Valuation

Q&P: 1, 4, 6, 9, 11


Chapter 14: Futures Contracts

Q&P: 1, 2, 3, 6, 8, 9

Final Exam

Comprehensive Problems

May 3, 5:30-9:50

*The instructor reserves the right to adjust the course schedule to take into consideration of the class progress and unforeseen circumstances.

Academic Honesty:
Academic integrity is the foundation of the academic community. Because each student has the primary responsibility for being academically honest, students are advised to read and understand all sections of this policy relating to standards of conduct and academic life.   Park University 2009-2010 Undergraduate Catalog Page 92

Plagiarism involves the use of quotations without quotation marks, the use of quotations without indication of the source, the use of another's idea without acknowledging the source, the submission of a paper, laboratory report, project, or class assignment (any portion of such) prepared by another person, or incorrect paraphrasing. Park University 2009-2010 Undergraduate Catalog Page 92

Attendance Policy:
Instructors are required to maintain attendance records and to report absences via the online attendance reporting system.

  1. The instructor may excuse absences for valid reasons, but missed work must be made up within the semester/term of enrollment.
  2. Work missed through unexcused absences must also be made up within the semester/term of enrollment, but unexcused absences may carry further penalties.
  3. In the event of two consecutive weeks of unexcused absences in a semester/term of enrollment, the student will be administratively withdrawn, resulting in a grade of "F".
  4. A "Contract for Incomplete" will not be issued to a student who has unexcused or excessive absences recorded for a course.
  5. Students receiving Military Tuition Assistance or Veterans Administration educational benefits must not exceed three unexcused absences in the semester/term of enrollment. Excessive absences will be reported to the appropriate agency and may result in a monetary penalty to the student.
  6. Report of a "F" grade (attendance or academic) resulting from excessive absence for those students who are receiving financial assistance from agencies not mentioned in item 5 above will be reported to the appropriate agency.

Park University 2009-2010 Undergraduate Catalog Page 95

Disability Guidelines:
Park University is committed to meeting the needs of all students that meet the criteria for special assistance. These guidelines are designed to supply directions to students concerning the information necessary to accomplish this goal. It is Park University's policy to comply fully with federal and state law, including Section 504 of the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990, regarding students with disabilities. In the case of any inconsistency between these guidelines and federal and/or state law, the provisions of the law will apply. Additional information concerning Park University's policies and procedures related to disability can be found on the Park University web page: .


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Last Updated:3/3/2010 5:36:02 PM