FI417 Investment Analysis & Management

for S2D 2012

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Vision Statement: Park University, a pioneering institution of higher learning since 1875, will provide leadership in quality, innovative education for a diversity of learners who will excel in their professional and personal service to the global community.


FI 417 Investment Analysis & Management


S2D 2012 DAH


Forgues, Scott


Adjunct Faculty


MBA w/Entrepreneurship Concentration, University of Arizona, 2000
MS Electrical Engineering, Lehigh University, 1991
BS Electrical Engineering, University of Lowell (MA), 1988

Office Hours

Upon Request

Daytime Phone



Class Days

-M----- plus online other days of the week

Class Time

5:30 - 8:45 PM



Credit Hours


Essentials of Investments

Bodie, Kane, and Marcus

Eighth Edition, 2010

McGraw-Hill / Irwin


ISBN-13: 978-0-07-338240-1

ISBN-10: 0-07-338240-X

The market leading undergraduate investments textbook, Essentials of Investments, 8e by Bodie, Kane and Marcus, emphasizes asset allocation while presenting the practical applications of investment theory. The authors have eliminated unnecessary mathematical detail and concentrate on the intuition and insights that will be useful to practitioners throughout their careers as new ideas and challenges emerge from the financial marketplace. The eighth edition has been fully updated to reflect the recent financial crisis and includes a new chapter on Hedge Funds.

Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville Bookstore

Additional Resources:

Yahoo! Finance: (Required)We will be using the "My Portfolios" function available at to build portfolios, analyze and track portfolios each week. As a result, you will need to obtain a free Yahoo! account to gain access.
Morningstar: (Required) We will be using reports and information from to analyze and select securities for your portfolios. You will need to register with Morningstar for their free membership.

Financial Calculator (Required) You will need a financial calculator capable of computing time value of money problems including keys for PV, FV, N, PMT, and I. The best example of this type of is the HP 10bII Financial Calculator. Other makes or models are allowed. Students will be responsible for understanding how to use their calculator on their own.

The Wall Street Journal On-line: (Optional) We will be referring to articles and information available from the Wall Street Journal On-line at Having a subscription is not a requirement, however, student versions are available at a discounted price.

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.
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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:


The instructor’s educational philosophy is one of interactive learning. Lectures, readings, quizzes, discussions, examinations, and real life applications will be used to advance the understanding of investment analysis and management. Reading the book is essential to learning, as well. The lectures are only meant to reinforce topics and help your understanding of them. Questions outside of class are welcome, particularly by email, or by phone if it will be more effective for the student.

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.

  Instructor Learning Outcomes
  1. Build various investment portfolios with different objectives.
  2. Build a comprehensive retirement portfolio.
Core Assessment:

Class Assessment:

The final course grade will be determined using the following measurements:

Students will be graded at the end of the term on their Effort and Participation. This may also encompass attendance and tardiness factors during the face to face classes. It is expected that students will be attentive in class and complete assignments on time as assigned. This also encompasses the on-line component of the class including on-line discussions and assignments. Timeliness and consistency of your on-line participation will be part of this grade. This portion is worth 35 points for the term.

Students will receive weekly Portfolio Assignments for which they will use Yahoo!Finance and Morningstar to construct various portfolios with specified objectives. The portfolios will be used to learn about security selection and portfolio construction. Each of the seven weekly Portfolio Assignments is worth 25 pts.

Students will also receive weekly Discussion Assignments likely to consist of short answer / essay type or multi-part questions posted in the weekly discussion area of eCompanion. Students are responsible for reading the discussion assignment and posting an answer to the questions to the best of their ability BY FRIDAY MIDNIGHT of the assigned week. In addition, students are responsible for posting at least one response to a classmate's discussion assignment BY SUNDAY MIDNIGHT as part of the peer review component of the discussion assignment. Each of the seven weekly Homework Assignments is worth 20 pts of which 15 points credit will be given for the discussion assignment answer component and 5 points credit for the peer review component.

Each week there will be an at home on-line Self-Check Quiz designed to check your knowledge of that weeks material. This quiz will NOT count toward your grade.

Each week there will be an at home on-line Quiz consisting of 15 questions worth 2 points each for a total of  210 points over the 1st seven weeks of the term. Questions will most likely be multiple choice and the Quizzes will be timed.

In week 4, in addition to the weekly quiz, there will be an on-line at home Midterm Exam for a total of 140 points. The material covered in this exam will be from the 1st three weeks of the class.

For this course, the core assessment is a Comprehensive Final Examination to be administered in all sections of FI 417. This exam is worth 30 percent of the student's final grade and will test students' mastery of the Core Learning Outcomes (as listed on this syllabus) through true/false, essay, and/or multiple choice questions. 

This core assessment is a CLOSED BOOK, CLOSED NOTES comprehensive examination that must be administered and proctored in the classroom and may not be given as a take-home examination. Students should not have access to the exam or its questions before it is administered. The duration of the exam can be no longer than two hours. 

No computers, or materials other than a writing instrument and a financial calculator without text functions and communication may be used for the exam; this applies to all students, regardless of whether the exam is for on-line or face-to-face students. Completion of the exam is strictly individual; students may not work in groups to complete the exam.

It is at the discretion of the instructor to offer extra credit, however, it is NOT anticipated that extra credit will be offered.



Item / Assignment
Effort and Participation (3.5%)  35
Portfolio Assignments (17.5%)  175
Discussion Assignments (14%)
Quizzes (21%)
Midterm Exam (14%)
Comprehensive Examination (30%) 300
Total Points Possible

Letter Grades

Points Grade
1000 - 900 A
900 - 800 B
800 - 700 C
700 - 600 D
Less than 600 F

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:
Weekly work must be submitted not later than the start of class (5:30pm) on Monday of each week..

Late work will not receive full grade credit. Work not submitted by the due date and time, will be deducted 20% plus 5% for each additional day late. For example, if homework is due by Monday at 5:30pm, homework submitted any time through midnight on Tuesday will be deducted 20%. Work submitted anytime on Wednesday will be deducted 25%, Thursday 30%, and so on. Work not submitted by the last day of Saturday of the semester will be graded as a zero.

Deadline extensions will be considered for extenuating circumstances. You must contact the instructor PRIOR to the deadline to receive a deadline extension. Contact by email is acceptable and preferred.

Classroom Rules of Conduct:

Any classroom conduct that disrupts the learning environment in the opinion of the instructor, will not be tolerated. This includes texting and checking email on your smartphone in during class

Students are expected to be prepared prior to class by completing the reading assignments in addition to the homework. You will not get what you need from this class by only attending the lectures.

You will be expected to learn and become familiar with the Yahoo! Finance portfolio system and the Morningstar web site. An introduction to these websites will be discussed in class, but for the most part you should become familiar and comfortable using these sites on your own. Feel free to ask questions if you are having some trouble. It is also advised to check the on-line version of the Wall Street Journal daily to be current on events in the financial world.

You will be expected to use the on-line system (eCompanion) to submit homework, participate in discussions and take quizzes, including the midterm exam. If you are not familiar with the eCompanion system, please contact the office for assistance.

Also remember that computers make writing and revising much easier and more productive.  Students must recognize though that technology can also cause problems.  On-line systems go down, printers run out of ink and hard drives crash.  Students must be responsible for planning ahead and meeting deadlines in spite of technology.  Be sure to save copies of your work to disk, hard drive, and print out paper copies for backup purposes. If the eCompanion system goes down, emailing your homework to the instructor directly is also acceptable.
Once again, if circumstances are going to make it difficult to meet a deadline and you are aware of this ahead of time, some exceptions may be made depending on the issue.

Course Topic/Dates/Assignments:

Week Reading / Lecture Topics Portfolio (subject to change) Discussion Quiz Exams


Ch. 1: Investments: Background and Issues

Ch 2: Asset Classes and Financial Instruments

Build portfolio "Pre" Discussion Questions and Peer Review
15 Multiple Choice


Ch 3: Securities Markets

Ch 4: Mutual Funds and Other Investment Companies

Build portfolio "MF1" Discussion Questions and Peer Review 15 Multiple Choice


Ch 5: Risk and Return: Past and Prologue

Ch 6: Efficient Diversification

Calculations on "Pre" and "MF1" Discussion Questions and Peer Review 15 Multiple Choice


Ch 10: Bond Prices and Yields

Ch 11: Managing Bond Portfolios

Build portfolio "Bond1" Discussion Questions and Peer Review 15 Multiple Choice Mid-Term Exam


Ch 14: Financial Statement Analysis

Ch 18: Performance Evaluation and Active Portfolio Management

Build portfolio "Stock1" Discussion Questions and Peer Review 15 Multiple Choice


Ch 15: Options Markets

Ch 19: Globalization and International Investing

Build portfolio "Option1" & "Intnl1" Discussion Questions and Peer Review 15 Multiple Choice


Ch 20: Taxes, Inflation, and Investment Strategy

Ch 21: Investors and the Investment Process

Build portfolio "Retirement" Discussion Questions and Peer Review 15 Multiple Choice


Final Exam Review and Final Exam

Final Exam

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 students and faculty members are encouraged to take advantage of the University resources available for learning about academic honesty ( or Park University 2011-2012 Undergraduate Catalog Page 93

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. from Park University 2011-2012 Undergraduate Catalog Page 93
Be aware that the instructor will be using means to check on-line plagiarism. It is not acceptable to "cut and paste" answers. All answers must be in your own words unless otherwise instructed.

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 2011-2012 Undergraduate Catalog Page 96

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:2/13/2012 12:41:25 PM