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MBA 641 Fixed Income Securities
Lentz, Ronal Paul


Mission Statement: The mission of the School of Graduate and Professional Studies at Park University is to provide leadership and directions to Park University's graduate and professional programs to assure that they are specialized, scholarly, innovative, and designed to educate students to be creative, independent, and lifelong learners within the context of a global community.

Vision Statement: Park University's School of Graduate and Professional Studies will be an international leader in providing innovative graduate and professional educational opportunities to learners within a global society.

Course

MBA 641 Fixed Income Securities

Semester

F1P 2010 DL

Faculty

Lentz, Ronal Paul

Title

Adjunct Professor

Degrees/Certificates

PhD - Business Administration
Certified Public Accountant

Office Location

16 E. Beauregard, San Angelo, TX  76903

Office Hours

9 am to 4 pm, Mon. - Fri.

Daytime Phone

325-658-8408

E-Mail

ronal.lentz@park.edu

Semester Dates

Monday, August 16, 2010 thru Sunday, October 10, 2010

Class Days

Each class week is from Monday thru Sunday

Class Time

This Class is conducted in the On-line Environment.

Prerequisites

MBA 615 and MBA 640 (Formerly FI 641)

Credit Hours

3


Textbook:

Title: Fixed Income Markets and Their Derivatives, 3rd Edition. 
Author:  Suresh Sundarresan
ISBN: ISBN # 978-0-1237 0471 - 9

Textbooks can be purchase at
http://bookstore.mbsdirect.net/PARK.HTM
 

Textbooks can be purchased through the Parkville Bookstore

Additional Resources:

Supplementary Reading Material  

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 helpdesk@park.edu or call 800-927-3024
Resources for Current Students - A great place to look for all kinds of information http://www.park.edu/Current/.
Advising - Park University would like to assist you in achieving your educational goals. Please contact your Campus Center for advising or enrollment adjustment information.
Online Classroom Technical Support - For technical assistance with the Online classroom, email helpdesk@parkonline.org or call the helpdesk at 866-301-PARK (7275). To see the technical requirements for Online courses, please visit the http://parkonline.org website, and click on the "Technical Requirements" link, and click on "BROWSER Test" to see if your system is ready.
FAQ's for Online Students - You might find the answer to your questions here.


Course Description:
MBA 641 Fixed Income Securities: This course is rigorous study of fixed income securities, including default-free bonds, floating rate notes, and corporate bond. Closely related financial instruments such as forwards and futures on fixed income securities, bond options, and interest rate swaps are also examined, in addition to analyzing specific types of fixed income securities, there will be an examination of the tools used in bond portfolio management. Prerequisites: MBA 615 and MBA 640 (Formerly FI 641)

Educational Philosophy:
The eductional philosophy applied in this class is one of interaction among instructor and students.  This interaction is accomplished through the use of PowerPoint lectures, examples, illustrative discussion questions, readings, quizzes and examinations.  Identification of additional student instructional needs are also highlighted and addresses through these processes.   An important part of the education process in this class will be the discussion questions provided for students together with appropriate feedback and comments from the instructor.

  Instructor Learning Outcomes

  1. Gain an awareness of the investing and financing alternatives available to the firm.
  2. Develop knowledge of cash flow valuation and analysis techniques.
  3. Achieve an understanding of the role of the financial manager in making decisions that maximize the value of the firm.
  4. Appreciate the importance of the risk-return tradeoff, portfolio theory, and efficient capital markets to financial decision makers.
Class Assessment:
Your grade will be determined by:
 
- Class Participation thru answers to discussion questions and responses to fellow class members
- Homework assignments
- Weekly Quizzes
- Term Project
- Final Exam

Except as otherwise noted, all submissions will be graded on relevance, comprehensiveness, specificity, clarity and analytical skills, as well as writing skills (Following APA style rules).

Grading:
 

Grading Criteria


Course Evaluation

 % Weights

Total Points

5   Graded Discussions (postings)

10%

500

4   Homework Assignments

12%

400

7   Weekly Quizzes

 35%

700

1 Term Project

 18%

100

 Final Exam

 25%

100

 Total Points

100%

1800

 Grading Scale

 A =

 90 – 100%

 B =

 80 - 89%  

 C =

 70 - 79%    

 D =

 60 – 69%

 F =

 59% and below

Each grading opportunity will be based on 100 points each. For example, you might receive 90 points on a single graded discussion assignment. The score of 90 times a 2% grade weighting means you have earned 1.8 points toward your final grade. A score of 80 on the final exam means you have earned 20 points toward your final grade.

Grading Outline:

Discussions: 

·         Not having a minimal number of valid posts: 30% to 60% deduction

·         Grammar issues: up to 20% deduction, depending on the magnitude

·         Improper posts (i.e., Insulting others): up to 100% deduction, depending on the magnitude

Homework:

·         Two assignments will be turned in through an automated grading system. Point values per question in the assignment will indicate the value per question.

·         Two other assignments will be manually graded; point assignments per question are given and partial credit will be granted for work submitted.

Weekly Quizzes:

·         Quizzes may have a different number of questions from week to week.

·         Also questions may be drawn from a pool of questions (your get 15 from a pool of 50 questions).

·         Each question or set of questions may have a different weight for that particular exam. 

·         Grades will be determined by the number of correct answers.

Project:

·         The project will be manually graded.

·         Each section is given a grade weight and partial credit may be earned.

Final Exam:

·         Individual’s tests will be a set of questions drawn from a question pool. 

·         Questions may have different point values or weights.

Late Submission of Course Materials:

Please submit your work on the date indicated in the assignment section of  each lectures. If you are not going to meet the due date, I expect you to contact me before the due date to make any arrangements for a late paper. Any work submitted late without prior coordination with me will lose 10 percentage points for each day past the due date as posted and will not be accepted after 7 days. All work must be completed by the last day of class..  

Excused absences can be granted by the instructor for medical reasons, school sponsored activities, and employment-related demands including temporary duty. The student is responsible for completing all missed work. Absences in excess of four (4) class periods (2 weeks in a term) will be reported to the Dean for appropriate action. Any student failing to attend class for two consecutive weeks, without an approved excuse, will be institutionally withdrawn (unofficially withdrawn) and notified by mail that an "F" will be recorded.

Students are expected to spend a substantial amount of time online and offline each week including but not limited to responding to the weekly conference discussions, sending/receiving Email, reading and viewing online lectures, completing online quizzes and tests, and conducting research over the World Wide Web.  A rule of thumb is that you should spend approximately 4-5 hours per week online reviewing course content and engaging in group work and discussion and an additional 4-6 hours per week on readings, preparing assignments, or completing papers or examinations.

Classroom Rules of Conduct:

The classroom is a place of learning.  No conduct by any member of the class that would reduce the ability of all class members to learn will be accepted.  One verbal request will be given to end such conduct, and if the conduct continues the class member will be asked to leave.  The instructor will have the final decision in such matters.
 

When sending e-mail other than assignments, you must identify yourself fully by name and class in all e-mail sent to me and/or other members of our class.

  • My Response Policy:  I will check my e-mail and the conference area frequently. I will respond to course-related questions within 24-48 hours (unless I notify you previously that I will be unavailable).
  • When files are sent attached to an email, the files should be in either Microsoft Word, RTF, ASCII, txt, or PDF file formats.  Scanned documents or paper copies will not be accepted.  

Course Topic/Dates/Assignments:
 

Course Calendar of Assignments:  

(see Excel file outlining dates in   doc sharing)

Week 1 Activities:

Readings:
Chapters 1, 3, and 6

Grading: Weekly Quiz and Graded Discussion (topics posted online):

Fixed Income Market Overview

Market Participants including the U.S. Treasury

Week 2 Activities:

Readings:
Chapter 2 

Grading: Weekly Quiz and Homework #1 (file posted online):

Mathematics and Quantitative Analysis of fixed income securities

Week 3 Activities:

Readings:
Chapters  8 & 9

Grading: Weekly Quiz, Homework #2 (file posted online) and Graded Discussion:

Yield Curve

Public Markets

Week 4 Activities:

Readings:
Chapters 1.4 (re-visit), 4 and 5

Grading: Weekly Quiz, Homework #3 (file posted online) and Graded

Discussion:

Bond Types

Structures

Issuers and Uses

Week 5 Activities:

Readings:
Chapters  11, 12 & 19


Grading: Weekly Quiz, Homework #4 (file posted online) and Graded

Discussion:

 

Mortgage Markets

Mortgage-backed securities and derivatives

Week 6 Activities:

Readings:
Chapter 17

Grading: Weekly Quiz  and Graded Discussion:

Derivatives

Week 7 Activities:

Readings:
Chapter  10

Grading: Weekly Quiz and Project:

Portfolio Management of fixed income securities

Week 8 Activities:

Readings: Chapter 16 & 18

Grading: Final Exam

Interest Rate Swaps (topic to be included in final exam).

Academic Honesty:
As a learning community, the University upholds the highest standards of academic integrity in all its academic activities, by faculty, staff, administrators and students. Academic integrity involves much more than respecting intellectual property rights. It lies at the heart of learning, creativity, and the core values of the University. Those who learn, teach, write, publish, present, or exhibit creative works are advised to familiarize themselves with the requirements of academic integrity and make every effort to avoid possible offenses against it, knowingly or unknowingly. Park University 2010-2011 Graduate Catalog Page 20

Plagiarism:

Plagiarism involves the appropriation of another person's ideas, interpretation, words (even a few), data, statements, illustration or creative work and their presentation as one's own. An offense against plagiarism constitutes a serious academic misconduct.  Although offenses against academic integrity can manifest themselves in various ways, the most common forms of offenses are plagiarism and cheating. Plagiarism goes beyond the copying of an entire article. It may include, but is not limited to: copying a section of an article or a chapter from a book, reproduction of an art work, illustration, cartoon, photograph and the like and passing them off as one's own. Copying from the Internet is no less serious an offense than copying from a book or printed article, even when the material is not copyrighted.

Plagiarism also includes borrowing ideas and phrases from, or paraphrasing, someone else's work, published or unpublished, without acknowledging and documenting the source. Acknowledging and documenting the source of an idea or phrase, at the point where it is utilized, is necessary even when the idea or phrase is taken from a speech or conversation with another person.

Park University 2010-2011 Graduate Catalog Page 20


Attendance Policy:

Instructors are required to maintain attendance records and report absences. Excused absences can be granted by the instructor, for medical reasons, school sponsored activities, and employment-related demands, including temporary duty. Students are responsible for any missed work. Absences for two successive weeks, without approved excuse, will be reported to the Director of the individual graduate program, or to the Executive Director for the Graduate School, for appropriate action. Students with such a record of absences, without an approved excuse, may be administratively withdrawn from the class and notified that an "F" will be recorded, unless the student initiates official withdrawal from the class(es).Park University 2010-2011 Graduate Catalog Page 24

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: http://www.park.edu/disability .

Copyright:

This material is protected by copyright
                               and can not be reused without author permission.

Last Updated:7/29/2010 1:37:18 PM