Corporate Finance #13 - Investment Banking And Long-Term Debt

Learn about capital markets, investment banking, and long-term debt and lease financing from a certified public accountant. Read more.

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Course Skill Level
Intermediate
Time Estimate
7h 39m

Robert (Bob) Steele CPA, CGMA, M.S. Tax, CPI

About This Course

Who this course is for:

  • Business students
  • Business professionals

What you’ll learn: 

  • Define capital markets
  • Describe government securities
  • Explain what corporate securities are
  • Describe the role exchanges play
  • Explain the concept of market efficiency
  • List and describe security markets regulations
  • Describe the role of investment bankers
  • Compare public and private financing
  • Explain what long term debt financing is
  • Describe bond prices, yields, and bond ratings and how they are used in decision making

Requirements: 

  • Basic understanding of corporate finance concepts

This course will discuss capital markets, investment banking, and long-term debt and lease financing.

We will include many example problems, both in the format of presentations and Excel worksheet problems. The Excel worksheet presentations will include a downloadable Excel workbook with at least two tabs, one with the answer, the second with a preformatted worksheet that can be completed in a step-by-step process along with the instructional videos.

Types of security markets include money markets and capital markets. Money markets are short-term in nature, with securities that have maturities of one year or less. Capital markets are long-term markets with securities that have maturities greater than one year. Our focus will be on capital markets.

Capital markets help link up businesses that need money to expand with investors who would like to find a good investment for their money.

Investment bankers often act as a middle person between the company issuing securities and the investors, the investment bankers taking on substantial risk as they play their role in the process. Investment bankers design and package securities, make offers, and sell to the public.

Commercial banks differ from investment banks. Commercial banks usually deal with individuals and small companies. They generate revenue from interest on home mortgages and small business loans.

Investment banks take much larger risks. They deal with large companies and high-risk startups. They act as a kind of bridge between the companies and the investors.

Capital intensive industries often need debt financing to grow, the most common form being corporate bonds.

We will compare and contrast debt financing and equity financing, discussing the pros and cons from the standpoint of the corporation and from that of the investor.

Our Promise to You

By the end of this course, you will have learned about capital markets. 

10 Day Money Back Guarantee. If you are unsatisfied for any reason, simply contact us and we’ll give you a full refund. No questions asked. 

Get started today and learn more about corporate finance.

Course Curriculum

Section 1 - Capital Markets
Capital Markets Overview 00:00:00
Government Securities 00:00:00
Corporate Securities 00:00:00
Exchanges 00:00:00
Market Efficiency 00:00:00
Security Markets Regulation 00:00:00
Section 2 - Investment Banking
Investment Banking Overview 00:00:00
Pricing The Security And Dilution 00:00:00
Public Vs Private Financing 00:00:00
Section 3 - Presentations - Long-Term Debt And Lease Financing
Long Term Debt And Lease Financing Overview 00:00:00
Bond Prices, Yields, And Ratings 00:00:00
Bond Refunding Decision 00:00:00
Other Forms Of Bond Financing 00:00:00
Debt Pros And Cons 00:00:00
Leasing As A Form Of Debt Financing 00:00:00
Section 4 - Practice Problems
Bond Coupon Rate, Current Yield, And Yield To Maturity 00:00:00
Bond Coupon Rate, Current Yield, And Yield To Maturity Comparison 00:00:00
Calculate Multiple Bond Value 00:00:00
Debenture That Is Callable Price Calculation 00:00:00
Impact Of Bond Rating Change On Bond Price 00:00:00
Zero Coupon Rate Bond Price Calculation 00:00:00
Zero Coupon Bond Effective Yield To Maturity 00:00:00
Impact Of Inflation On Borrowing 00:00:00
Bond Purchase On Margin And Then Sold 00:00:00
Bond Refunding Decision Problem 1 00:00:00
Bond Refunding Decision Problem 2 00:00:00
Capital Lease Vs Operating Lease Determination 00:00:00
Capital Lease Vs Operating Lease Balance Sheet Impact 00:00:00
Section 5 - Excel Problems
Downloadable Course Worksheets 00:00:00
Bond Coupon Rate, Current Yield, And Yield To Maturity 00:00:00
Bond Coupon Rate, Current Yield, And Yield To Maturity Comparison 00:00:00
Calculate Multiple Bond Value 00:00:00
Debenture That Is Callable Price Calculation 00:00:00
Impact Of Bond Rating Change On Bond Price 00:00:00
Zero Coupon Rate Bond Price Calculations 00:00:00
Zero Coupon Bond Effective Yield To Maturity 00:00:00
Impact Of Inflation On Borrowing 00:00:00
Bond Purchase On Margin And Then Sold 00:00:00
Bond Refinancing Decision Problem 1 00:00:00
Bond Refinancing Decision Problem 2 00:00:00
Capital Lease Vs Operating Lease Determination 00:00:00
Capital Lease Vs Operating Lease Balance Sheet Impact 00:00:00
Size Of Lease Payment Calculation 00:00:00

About This Course

Who this course is for:

  • Business students
  • Business professionals

What you’ll learn: 

  • Define capital markets
  • Describe government securities
  • Explain what corporate securities are
  • Describe the role exchanges play
  • Explain the concept of market efficiency
  • List and describe security markets regulations
  • Describe the role of investment bankers
  • Compare public and private financing
  • Explain what long term debt financing is
  • Describe bond prices, yields, and bond ratings and how they are used in decision making

Requirements: 

  • Basic understanding of corporate finance concepts

This course will discuss capital markets, investment banking, and long-term debt and lease financing.

We will include many example problems, both in the format of presentations and Excel worksheet problems. The Excel worksheet presentations will include a downloadable Excel workbook with at least two tabs, one with the answer, the second with a preformatted worksheet that can be completed in a step-by-step process along with the instructional videos.

Types of security markets include money markets and capital markets. Money markets are short-term in nature, with securities that have maturities of one year or less. Capital markets are long-term markets with securities that have maturities greater than one year. Our focus will be on capital markets.

Capital markets help link up businesses that need money to expand with investors who would like to find a good investment for their money.

Investment bankers often act as a middle person between the company issuing securities and the investors, the investment bankers taking on substantial risk as they play their role in the process. Investment bankers design and package securities, make offers, and sell to the public.

Commercial banks differ from investment banks. Commercial banks usually deal with individuals and small companies. They generate revenue from interest on home mortgages and small business loans.

Investment banks take much larger risks. They deal with large companies and high-risk startups. They act as a kind of bridge between the companies and the investors.

Capital intensive industries often need debt financing to grow, the most common form being corporate bonds.

We will compare and contrast debt financing and equity financing, discussing the pros and cons from the standpoint of the corporation and from that of the investor.

Our Promise to You

By the end of this course, you will have learned about capital markets. 

10 Day Money Back Guarantee. If you are unsatisfied for any reason, simply contact us and we’ll give you a full refund. No questions asked. 

Get started today and learn more about corporate finance.

Course Curriculum

Section 1 - Capital Markets
Capital Markets Overview 00:00:00
Government Securities 00:00:00
Corporate Securities 00:00:00
Exchanges 00:00:00
Market Efficiency 00:00:00
Security Markets Regulation 00:00:00
Section 2 - Investment Banking
Investment Banking Overview 00:00:00
Pricing The Security And Dilution 00:00:00
Public Vs Private Financing 00:00:00
Section 3 - Presentations - Long-Term Debt And Lease Financing
Long Term Debt And Lease Financing Overview 00:00:00
Bond Prices, Yields, And Ratings 00:00:00
Bond Refunding Decision 00:00:00
Other Forms Of Bond Financing 00:00:00
Debt Pros And Cons 00:00:00
Leasing As A Form Of Debt Financing 00:00:00
Section 4 - Practice Problems
Bond Coupon Rate, Current Yield, And Yield To Maturity 00:00:00
Bond Coupon Rate, Current Yield, And Yield To Maturity Comparison 00:00:00
Calculate Multiple Bond Value 00:00:00
Debenture That Is Callable Price Calculation 00:00:00
Impact Of Bond Rating Change On Bond Price 00:00:00
Zero Coupon Rate Bond Price Calculation 00:00:00
Zero Coupon Bond Effective Yield To Maturity 00:00:00
Impact Of Inflation On Borrowing 00:00:00
Bond Purchase On Margin And Then Sold 00:00:00
Bond Refunding Decision Problem 1 00:00:00
Bond Refunding Decision Problem 2 00:00:00
Capital Lease Vs Operating Lease Determination 00:00:00
Capital Lease Vs Operating Lease Balance Sheet Impact 00:00:00
Section 5 - Excel Problems
Downloadable Course Worksheets 00:00:00
Bond Coupon Rate, Current Yield, And Yield To Maturity 00:00:00
Bond Coupon Rate, Current Yield, And Yield To Maturity Comparison 00:00:00
Calculate Multiple Bond Value 00:00:00
Debenture That Is Callable Price Calculation 00:00:00
Impact Of Bond Rating Change On Bond Price 00:00:00
Zero Coupon Rate Bond Price Calculations 00:00:00
Zero Coupon Bond Effective Yield To Maturity 00:00:00
Impact Of Inflation On Borrowing 00:00:00
Bond Purchase On Margin And Then Sold 00:00:00
Bond Refinancing Decision Problem 1 00:00:00
Bond Refinancing Decision Problem 2 00:00:00
Capital Lease Vs Operating Lease Determination 00:00:00
Capital Lease Vs Operating Lease Balance Sheet Impact 00:00:00
Size Of Lease Payment Calculation 00:00:00

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