FS385

SPECIAL TOPICS IN FINANCIAL SERVICES:

The Investment Management Process

SPRING 2002

 

INSTRUCTOR†††† :Prof. A.C. Gudikunst†† (with Jeff Cardin, Fidelity Investments)

OFFICE HOURS :Thursday and Thursday, 2:30-3:30 pm, Wednesday 2:00-5:00 pm

OFFICE††††††††††††††† :Room 464, Faculty Suite G, Unistructure†††††††††††††††††††††

PHONE†††††††††††††† :232-6387 (campus)†††††††††††††††††††

E-MAIL††††††††††††††† :agudikun@bryant.edu

HOMEPAGE††††††† :web.bryant.edu/~agudikun

††††††††††† †††††††

PREREQUISITE

 

FIN312Investments

 

COURSE OBJECTIVES

 

To teach you the professional requirements and standards for investment professionals with securities broker-dealers.

 

To help you evaluate an individualís financial needs, current investment holdings, and investment capital for purposes of translating them into personal investment objectives.

 

To help you evaluate information on market-traded investment securities.

 

To help you gain an understanding of the legal process for handling retail customer accounts and maintaining appropriate account records.

 

To help you understand the organization, participants, and functions of various securities markets.

 

To help you gain an understanding of the process of executing customer purchase and sale instructions, trade orders, and transaction confirmations.

 

To help you monitor a customerís portfolio and make recommendations consistent with changes in economic and financial conditions as well as the customerís needs and objectives.

 

 

REQUIRED READING

†††††

††††††††††† Bodie, Zvi, Alex Kane, Alan J. Marcus, Essentials of Investments, 4th Edition, Irwin McGraw-Hill, 2001.

 

Registered Representative Series 7 Study Program (volume I and II), Edward Fleur Financial Education Corp., 2001

 

††††† Series 7 Classroom Workbook, Edward Fleur Financial Education Corp., 2001

††††† Series 7 Glossary, Edward Fleur Financial Education Corp., 2001

††††† Series 7 Chapter Exams, Edward Fleur Financial Education Corp., 2001

††††† Series 7 Final Exams, Edward Fleur Financial Education Corp., 2001


 

COURSE REQUIREMENTS & GRADING:

During the term, your performance will be evaluated on the basis of graded homework assignments, in-class and out-or-class graded quizzes, two midterm exams and a final exam.

 

HOMEWORK and Practice Quizzes:

 

There will be homework and practice quiz assignments for each chapter during the term. They must be returned by the announced deadlines. Each homework assignment will be equally weighted.Late submission of assignments will be penalized.

 

QUIZZES:

 

There will be quizzes during class meeting periods. These will be short quizzes on either new material reading assignments or on material covered in previous lecture. Quizzes will be multiple choice questions. There will be no make-up for missed quizzes, but only 80% of quizzes will be used for grading purposes.

 

MIDTERM EXAM 1 and2:

 

There will be two in-class mid-term exams during the semester. These will be time constrained exams, using multiple choice questions. There will also be a takehome portion of the mid-term exams, using essay questions and numerical problems.

†††††††††††††††††††††††

FINAL EXAM

 

††††††††††† .†††††††††† The final exam will be given during the exam period (Monday, May 6, 2:00 -5:00 pm).

††††††††††† .†††††††††† The exam will be cumulative.

.†††††††††† It will be a series of multiple choice questions, based on numerical, conceptual and objective knowledge.

†††††††††††

The following weights will be used in determining grades:

 

††††††††††† HOMEWORK††††††† †††† †††† †††† 20%

††††††††††† QUIZZES(in class)†††††††††††††††††† 20%

††††††††††† MIDTERM EXAM 1††††††††††††††† 20%

††††††††††† MIDTERM EXAM 2††††††††††††††† 20%

††††††††††† FINAL EXAM†††††††††††† †††† †††† 20%

†††††††††††

††††††††††††††††† TOTAL††††††††††††††††††††††††††††† 100%

 

 

 

 

Date††††††††††††††††††††††††††† Topic†††††††††††††††††††††††††††††††††††††† Assignments Due

††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† Reading:†††††††††††††††††††† Homework Assignments

 

1/22 ††† Tuesday†††††††††† Introduction††††††††††††††††††††††††††††† Introduction††††††††††††††††† Practice Questions (CBT)

††††††††††††††††† Syllabus††††††††††††††††††††††††††††††††††† Equity's††††††††††††††††††††††† For Equities Chapter

††††††††††††††††††††††††††††††††††† Equity Lecture††††††††††††††††††††††††† (p1 - 16)†††††††††

1/24†††† Thursday††††††††† Equity Lecture††††††††††††††††††††††††† Equity's††††††††††††††††††††††† Equity Chapter quiz (CBT)

†††††††††††††††††††††††††††††††††† †††††††††††††††††††††††††††††††††††††††††††††† (p17 - 37)††††††††††††††††††† (BKM) Ch 13, P3,4,5,6,15,20

1/29†††† Tuesday†††††††††† Debt Lecture††††††††††††††††††††††††††† Debt†††††††††††††††††††††††††††† Practice Questions (CBT)

†††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† (p1- 52)†††††††††††††††††††††† For Debt

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1/31†††† Thursday††††††††† Debt Lecture††††††††††††††††††††††††††† Debt†††††††††††††††††††††††††††† Practice Questions (CBT)

††††† (p53 - 89)††††††††††††††††††† (BKM) Ch 10 P10,13,14,18,19,24,27

2/5†††††† Tuesday†††††††††† Debt Lecture††††††††††††††††††††††††††† Debt†††††††††††††††††††††††††††† Practice Questions (CBT)

†††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† (p89 - 130)††††††††††††††††††††††† For Debt

2/7†††††† Thursday††††††††† Debt Lecture††††††††††††††††††††††††††† Debt†††††††††††††††††††††††††††† Practice Questions (CBT)

†††††††††††††††††††††††††††††††††† Debt Quiz†††††††††††††††††††††††††††††††† (p131 - 142)††††††††††††††† (BKM) Ch 11, P1,2,5,6,9

2/12†††† Tuesday†††††††††† Analysis Lecture†††††††††††††††††††††† Analysis††††††††††††††††††††††† Practice Questions (CBT)††††††††††††††††††††

††††††††††††††††††††††††††††††††††† Chapter 10†††††††††††††††††††††††††††††† (p1 - 71)††††††††††††††††††††† (BKM) Ch 12, P3,5,6,12†††††††

2/14†††† Thursday††††††††† Analysis Lecture†††††††††††††††††††††† Analysis††††††††††††††††††††††† Practice Questions (CBT)††††††††††††††††††††

††††††††††††††††††††††††††††††††††† Chapter 10†††††††††††††††††††††††††††††† (p1 - 71)††††††††††††††††††††† (BKM) Ch 14, P1 thru 9

††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† (BKM) Ch 15, P1,2,7,8,10,13††††††

2/19 ††† Tuesday†††††††††† Option Lecture†††††††††††††††††† Options††††††††††††††††††††††† Practice Questions (CBT)

†††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† (p1 - 46)††††††††††††††††††††† For Options

2/21†††† Thursday††††††††† Option Lecture†††††††††††††††††† Options††††††††††††††††††††††† Practice Questions (CBT)

†††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† (p47 - 79)††††††††††††††††††† (BKM) Ch 16, P1,2,3,4,5

2/26†††† Tuesday†††††††††† Option Lecture†††††††††††††††††† Options††††††††††††††††††††††† Practice Questions (CBT)

†††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† (p79 - 94)††††††††††††††††††† (BKM) Ch 16, P7,8,15,20,21

2/28†††† Thursday††††††††† Option Lecture†††††††††††††††††† Options††††††††††††††††††††††† Practice Questions (CBT)

†††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† (p95 - 142)††††††††††† ††††††††††† For Options

 

3/5†††††† Tuesday††††††††† Exam I†††††††††††

†††††††††††

3/7†††††† Thursday††††††††† Trading Market Basics††††††† Trading Market††††††††††† Practice Questions (CBT)

†††††††††††††††††††††††††††††††††† Lecture†††††††††††††††††††††††††††††† (p1 - 26)††††††††††††††††††††† Trading Market†††††††††††††††††††††††††††††††††††

3/19†††† Tuesday†††††††††† Trading Markets Lecture††††††††† Trading Market††††††††††† Practice Questions (CBT)

†††† ††††††††††††††††††††††††††††† NYSE Trading†††††††††††††††††† (p27 - 52)††††††††††††††††††† For Trading Market

3/21†††† Thursday††††††††† Trading Markets Lecture††††††††† Trading Market††††††††††† Practice Questions

†††††††††††††††††††††††††††††††††† OTC Trading††††††††††††††††††††††††††† (p53 - 80)††††††††††††††††††† (BKM) Ch 3, P3,4,7,8,9,13,18

3/26†††† Tuesday†††††††††† Trading Markets Lecture††††††††† Trading Market††††††††††† Practice Questions

†††††††††††††††††††††††††††††††††† 1 hour Quiz††††††††††††††††††††††††††††† (p81 - 98)†††††††

3/28†††† Thursday††††††††† Customer Accts Lecture†††††††††† Customer Accts††††††††††† Practice Questions (CBT)

†††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† (p1 - 37)††††††††††††††††††††† For Customer Accts

4/2†††††† Tuesday†††††††††† Customer Accts Lecture†††††††††† Customer Accts††††††††††† Practice Questions (CBT)

††††† ††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† (p38 - 74)††††††††††††††††††† For Customer Accts

 

4/4†††††† Thursday††††††† Exam II

†††††††††††††††††

4/9†††††† Tuesday†††††††††† New Issues Lecture††††††††††††††††† New Issues††††††††††††††††† Practice Questions (CBT)

†††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† (p1 - 54)††††††††††††††††††††† For New Issues

4/11†††† Thursday††††††††† 1 hour New Issues Quiz††††††††††† Investment Co.†††††† Practice Questions (CBT)

†††††††††††††††††††††††††††††††††† Investment Co.†††††††††††††††††† & Retirement††††††††††††††† For Investment Co.

††††††††††††††††††††††††††††††††††† & Retirement Plans†††††††††††† Plans††††††††††††††††††††††††††† & Retirement Plans

††††††††††††††††††††††††††††††††††† Lecture†††††††††††††††††††††††††††††† (p1 - 32)

†††††††††††

4/16†††† Tuesday†††††††††† Investment Co.†††††††††††††††††† Investment Co.†††††† Practice Questions (CBT)

†††††††††††††††††††††††††††††††††† & Retirement Plans†††††††††††† & Retirement††††††††††††††† For Investment Co.

††††††††††††††††††††††††††††††††††† Lecture†††††††††††††††††††††††††††††† Plans††††††††††††††††††††††††††† & Retirement Plans

††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† (p1 - 62)††††††††††††††††††††† (BKM) Ch 4, P4,5,6,8,13,17,19

4/18†††† Thursday††††††††† Lecture/1 hour Quiz††††††††††††††††† Taxes & Tax††††††††††††††† Practice Questions (CBT)

††††††††††††††††† Taxes & Tax Shelter†††††††††††††††† Shelter††††††††††††††††††††††††† For Taxes & Tax Shelter

††††††††††††††††††††††††††††††††††† Lecture†††††††††††††††††††††††††††††† (p1 - 56)

4/23†††† Tuesday†††††††††† 1 hour Taxes & Tax††††††††††††††††† Regulations†††††††††††† Practice Questions (CBT)

†††††††††††††††††††††††††††††††††† Shelter Quiz††††††††††††††††††††††††††††† (p1 - 58)††††††††††††††††††††† For Regulations

††††††††††††††††††††††††††††††††††† Regulations Lecture

4/25†††† Thursday††††††††† Regulations Lecture††††††††††††††††† Regulations†††††††††††† Practice Questions (CBT)

†††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† (p59 - 112)††††††††††††††††††††††† For Regulations

4/30†††† Tuesday†††††††††† Regulations Lecture††††††††††††††††† Review†††††††††††††††††† Practice Questions (CBT)

†††††††††††††††††††††††††††††††††† 1 hour Regulations Quiz††††††††††† Regulations†††††††††††† For Regulations

5/2†††††† Thursday††††††††† Review for Final††††††††††††††††††††††

†††††††††††††††††††††††††††††††††† Wrap-up

 

5/6†††††† Monday††††††††† Final Exam