Capital Markets (20067). 3 units. Capital Markets is a course covering a range of topics, including the design, pricing, and trading of corporate bonds, structured notes, hybrid securities, credit derivatives, and structured products, such as asset-backed securities and structured notes. This course aims to provide a set of tools, concepts, and ideas that will serve students over the course of a career. Basic tools such as fixed income mathematics, swaps, and options are studied and used to address security design, trading, and pricing questions. The legal and institutional context of these subjects is also covered, i.e., the contractual basis of bonds and derivatives. Topics are approached from different angles: conceptual, legal, and technical theory, cases, documents (e.g., bond prospectuses, derivatives contracts, consent solicitations), and current events. Students should have taken introductory finance and have some knowledge of basic statistics (e.g., regression analysis, conditional probability), basic mathematics (e.g., algebra, matrix algebra); working knowledge of a spreadsheet package is helpful. Two examinations, six cases, and fourteen homework problems. Also MGT 947a. G. Gorton.
Note: This course will meeting according to the Yale School of Management calendar. It is taught in two sections. There will be seats for 10 Law students in each section.
EVANS - 4400 (Tue) EVANS - 4400 (Thu) Grade mode: graded CRN: 10134
Exam: Name or Id: Id