In this course, participants will develop an understanding of the intuitive foundations of asset and investment valuation, and how alternative valuation techniques may be used in practice. This is part of a Specialization in corporate finance created in partnership between the University of Melbourne and Bank of New York Mellon (BNY Mellon). View the MOOC promotional video here: http://tinyurl.com/h75pzt6
4.0 Introduction (One with all the options...)
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Avaliações
GG
Feb 06, 2016
The pinnacle of all of the course. Overall, the structure is very well established from course 1-4 in the specialization.
MG
Sep 24, 2018
Great course. This one really had so much to learn and helped in getting the big picture on risk and returns.
Na lição
Addressing financial reality with real options analysis
This week we describe how standard NPV analysis might lead to incorrect decisions when we fail to account for the impact of (or upon) firm flexibility. We then describe the three most common types of real options that firms face in practice and then explain how decision trees might be used to arrive at an approximation of the value of the real option that is embedded within a project. We conclude by considering empirical evidence on the take-up of real options analysis and discuss the situations in which real options analysis might most be needed.
Ministrado por
Paul Kofman
Dean, Faculty of Business and Economics
Sean Pinder
Associate Professor