Lessons

One lesson per topic, 10 to 15 minutes each. Every lesson has a worked example, a your-turn problem, its video and a quick check.

Exam 1 reviewStatements, Taxes, Ratios & Rates12 topics

  1. Goals, Agency & Business FormsExam 1 review · 12 minLocked
  2. The Income Statement & Net Cash FlowExam 1 review · 13 minLocked
  3. Free Cash Flow, NOPAT, MVA & EVAExam 1 review · 15 minLocked
  4. Corporate Income TaxesExam 1 review · 13 minLocked
  5. Loss Carryovers, Personal Taxes & MunisExam 1 review · 14 minLocked
  6. Liquidity, Asset Management & Debt RatiosExam 1 review · 13 minLocked
  7. Profitability Ratios & the DuPont EquationExam 1 review · 14 minLocked
  8. Market Value Ratios & Using Ratios WellExam 1 review · 13 minLocked
  9. The Cost of Money & the Rate Build-UpExam 1 review · 13 minLocked
  10. Yield Curves & the Expectations TheoryExam 1 review · 14 minLocked
  11. The Fed & What Moves Interest RatesExam 1 review · 12 minLocked
  12. Financial Markets & InstitutionsExam 1 review · 14 minLocked

Exam 2 reviewTVM, Bonds, Stocks & Risk15 topics

  1. Lump Sums: FV, PV, Rate & TimeExam 2 review · 13 minLocked
  2. Annuities: Ordinary vs DueExam 2 review · 14 minLocked
  3. Uneven Streams & PerpetuitiesExam 2 review · 14 minLocked
  4. Compounding Frequency & EARExam 2 review · 13 minLocked
  5. Loans & AmortizationExam 2 review · 14 minLocked
  6. Inflation & Growing StreamsExam 2 review · 15 minLocked
  7. Multi-Step Savings PlansExam 2 review · 14 minLocked
  8. Bond Pricing & Interest-Rate RiskExam 2 review · 13 minLocked
  9. Bond Yields & FeaturesExam 2 review · 14 minLocked
  10. Constant Growth, Zero Growth & Preferred StockExam 2 review · 14 minLocked
  11. Nonconstant GrowthExam 2 review · 14 minLocked
  12. Corporate Valuation (FCF Model)Exam 2 review · 13 minLocked
  13. Stand-Alone Risk: r̂, σ, CV & SharpeExam 2 review · 13 minLocked
  14. Portfolios, Diversification & BetaExam 2 review · 13 minLocked
  15. CAPM & the Security Market LineExam 2 review · 14 minLocked

Exam 3 reviewCost of Capital & Capital Budgeting12 topics

  1. Component Costs of CapitalExam 3 review · 15 minLocked
  2. WACC, the Break Point & the MCCExam 3 review · 14 minLocked
  3. The Optimal Capital BudgetExam 3 review · 13 minLocked
  4. Payback & Discounted PaybackExam 3 review · 12 minLocked
  5. NPV & IRRExam 3 review · 14 minLocked
  6. Modified IRR (MIRR)Exam 3 review · 13 minLocked
  7. NPV Profiles, Crossover & Multiple IRRsExam 3 review · 14 minLocked
  8. Relevant Cash Flows, MACRS & Expansion ProjectsExam 3 review · 15 minLocked
  9. Replacement ProjectsExam 3 review · 15 minLocked
  10. Unequal Lives & Optimal Economic LifeExam 3 review · 13 minLocked
  11. Stand-Alone Risk: Sensitivity, Scenarios, Monte CarloExam 3 review · 12 minLocked
  12. Investment Timing Options & Capital RationingExam 3 review · 14 minLocked

Ch. 14Leverage, Capital Structure & Dividends4 topics

  1. Breakeven & Operating LeverageCh. 14 · 13 minLocked
  2. Financial & Total LeverageCh. 14 · 14 minLocked
  3. Hamada, the Optimal Capital Structure & TheoryCh. 14 · 14 minLocked
  4. Dividend Policy: Residual Model, Splits & BuybacksCh. 14 · 13 minLocked

Ch. 16The Cash Budget2 topics

  1. Cash Budget I: Collections & PaymentsCh. 16 · 13 minLocked
  2. Cash Budget II: Net Cash Flow, Loans & SurplusCh. 16 · 13 minLocked