Revised: August 28, 2021. Page 1
UNIVERSITY OF PENNSYLVANIA
The Wharton School
Finance 100 A. Craig MacKinlay
Fall 2021 3255 SH-DH
CORPORATE FINANCE
Course Information: On Canvas
Course Description:
The purpose of this course is to introduce techniques of financial analysis, with emphasis on topics
in the corporate finance area. The concepts developed in Finance 100 form the foundation for all
elective finance courses. The main topics covered include (1) the time value of money and the net
present value rule; (2) valuation of bonds and stocks; (3) principles of capital budgeting; (4)
uncertainty and the tradeoff between risk and return; (5) corporate financing and dividend policy
decisions; and (6) capital budgeting decisions under uncertainty.
Course Materials:
Required:
S. Ross, R. Westerfield, J. Jaffe, and B. Jordan, Corporate Finance, 12th Edition, McGraw-Hill
Education, 2019. (Referred to as RWJJ in course outline.)
Textbook options (details provided by McGraw-Hill)
Option A: Rent the hardback from the UPENN bookstore for $70, ISBN #: 9781259918940.
Option B: Purchase a customized version of the 12th edition containing only the 16 chapters you’ll be responsible for,
entitled: FNCE 100 Corporate Finance by MacKinlay, ISBN # 9781307466799, only available from the UPENN
bookstore for approximately $80.
Option C: Rent the eBook from McGraw-Hill for $55 from this URL: https://www.mheducation.com/ enter Corporate
Finance in the search box and click the 12/e cover (image below) then the $55 RENT NOW box.
A scientific or business calculator. (It will be necessary for your calculator to have a xy function.)
Solutions for end-of-chapter problems in RWJJ (available online).
Sample exams with solutions (available online).
