MBA640 Investment Management

for F2P 2012

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Mission Statement: Park University provides access to a quality higher education experience that prepares a diverse community of learners to think critically, communicate effectively, demonstrate a global perspective and engage in lifelong learning and service to others.

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.


MBA 640 Investment Management


F2P 2012 DL


Lentz, Ronal Paul


Adjunct Professor


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



Semester Dates

Monday, October 22, 2012 - Sunday, December 16, 2012

Class Days

Each class week is from Monday thru Sunday

Class Time

This Class is conducted in the On-Line Environment


FI 360. Although it is not required, but it would be more effective if the students successfully complete FI 615 before registering for this class.

Credit Hours



Required Text: Bodie, Kane and Marcus.  8th Edition, Essentials of Investments, (McGraw-Hill Irwin, 2010). (ISBN 13:978-0-07-338240-1)

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 or call 800-927-3024
Resources for Current Students - A great place to look for all kinds of information
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FAQ's for Online Students - You might find the answer to your questions here.

Course Description:
MBA 640 Investment Management: An analysis of various debt, equity, and derivative investment vehicles. Various theories of valuation of stocks, bonds, options, futures, real assets, and other securities will be applied to each individually and in the context of portfolio management. Prerequisite: FI 360 (Formerly FI 640)

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.

Learning Outcomes:
  Core Learning Outcomes

  1. Analyze an investment using a variety of techniques.
  2. Analyze the impact of taxes upon the investment decision.
  3. Explain the Capital Asset Pricing Model and the Arbitrage Pricing Theory.
  4. Identify the various types of securities available in the market.

  Instructor Learning Outcomes
  1. Describe the current investment environment (domestic and international)
  2. Obtain and interpret investment information from various sources (both traditional and electronic)
  3. Analyze the various investment vehicles
  4. Relate financial theories of valuation (risk and return), portfolio management and efficient markets to current market conditions
Core Assessment:

Class Assessment:

Exams: Two exams will be administered during the term. Exams include multiple choice questions. Some of the questions or parts of questions will be quantitative. The midterm exam will cover the material up-to and including the week 4 materials; the midterm will be an Open Book exam. The midterm consists of multiple-choice questions. The students are required to submit their mid-term exam by Sunday midnight of the 4th week.

The final exam will include multiple choice questions and will cover material from Week 5 thru Week 8. The final exam will be Open Book and given to the students during the 8th week of the course. The students are required to submit their exams by Sunday midnight of the 8th week.

Online weekly discussion: Each week, the student is required to answer accurately two of the discussion questions and to provide a comment or follow-up to two fellow student’s answers. Every week, the student has the opportunity to earn 20 points by participating in the discussions. In order to earn the maximum points, the discussions should be provided during the week; in an 8-week course, the week starts on Monday 00:001AM and ends on Sunday 23:59PM. Any postings outside this range will not earn any points.

: Each week, the student is required to complete a homework assignment and submit for grading through the homework drop-box. The purpose of the homework is to reinforce the material learned during the week. Homework questions will be worth 35 points each week. In order to earn the maximum points the students should submit the homework in the drop-box by Sunday midnight. Any homework submitted after the deadline will be subject to the Policy for Submitting Late Work.
Weekly Quiz: Each week, students will be required to complete a quiz covering the materials presented that week. The weekly quiz will be provided as part of the Course Homepage within each week and will be automatically graded. The weekly quiz will consist of multiple-choice questions and will be worth 25 points for each quiz.

Team Project:
There will be one team project due in Week 7. Each student will be assigned to a team during Week 3 of the course. Each team member will be expected to actively participate in the work required to complete and present the finished Team Project. Only one (1) completed Team Project will be submitted for each team. Any team member not actively participating in this team project will receive a reduced grade.


Course Grading:

Assignment of Letter Grades:

The course grade will be determined as follows:



Weekly Discussions (20 points each week)

160 points

Weekly Homeworks (35 points each week)

280 points

Weekly Quiz (25 points each week)

200 points

Team Project

260 points

Midterm Exam (Open Book, end of 4th week)

200 points

Final Exam (Open Book, end of 8th week)

200 points


1300 points

  • A = 90-100% = 1170 points and above
  • B = 80-89%   = 1040 to 1169 points
  • C = 70-79%   =  910 to 1039 points
  • D = 60-69%   =  780 to 909 points
  • F = 59% and below = 779 points and below

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.  

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:

Week              Chapter                  Topics 

1                           1                        Investments-Background and Issues  
                             2                        Asset Classes and Financial Instruments
                             3                        Securities Markets
 2                          4                        Mutual Funds and Other Investment Companies
                             5                        Risk and Return:  Past and Prologue
                             6                        Efficient Diversification
3                           7                        Capital Asset Pricing and Arbitrage Pricing Theory 
                             8                        The Efficient Market Hypothesis
4                           9                        Behavioral finance and Techinical Analysis
                           10                        Bond Prices and Yields  
                                                       Mid-Term Exam (Open Book)
5                         11                        Managing Bond Portfolios
                           12                        Macroeconomic and Industry Analysis
6                         13                        Equity Valuation 
                           15                        Options Markets
                           16                        Option Valuation
7                         17                        Futures Markets and Risk Management
                           18                        Performance Evaluation and Active Portfolio Management
                                                       Team Project
8                         19                       Globalization and International Investing
                           20                       Taxes, Inflation, and Investment Strategy 
                                                      Final Exam (Open Book)

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 2012-2013 Graduate Catalog Page 21-22


Plagiarism is 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 2011-2012 Graduate Catalog Page 21

Attendance Policy:

Students must participate in an academically related activity on a weekly basis in order to be marked present in an online class. Examples of academically-related activities include but are not limited to: contributing to an online discussion, completing a quiz or exam, completing an assignment, initiating contact with a faculty member to ask a course related question, or using any of the learning management system tools. Park University 2012-2013 Graduate Catalog Page 26

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:10/2/2012 1:26:44 PM