CFA Level 2 - Corporate Finance

About this course

Prepare for the CFA Level 2 exam in 2022 with 100% confidence! The course covers the Corporate Finance syllabus in detail so you will have a complete understanding when tackling this section in the exam. After you grasp the concepts, try out a lot of questions (from the Learning Ecosystem and End of Chapter questions) to increase your mastery of the readings.AFTER GOING THROUGH THIS COURSE, YOU DO NOT HAVE TO STUDY FROM THE TEXTBOOK ANYMORE (OR ANY OTHER SOURCE)!Exam Weight: 5% - 10%At the end of this course, students should be able to:evaluate expansion and replacement capital projects, how depreciation methods affect the cash flows of the projects; determine optimal capital project in situations of mutually exclusive projects with unequal lives (least common multiple of lives approach, equivalent annual annuity approach) and capital rationing; types of real options; evaluate capital projects using economic profit, residual income, claims valuation modelexplain the Modigliani-Miller propositions (with and without taxes), optimal capital structurecompare theories of dividend policy, describe signals from dividends, clientele effects; compare stable dividend policy, constant dividend payout ratio policy, and residual dividend payout policy; calculate effect of share repurchase on book value per share and earnings per share; calculate dividend coverage ratiosevaluate the effectiveness of a company's corporate governance; evaluate ESG risk exposures and investment opportunitiesclassify M&A activities based on forms of integration and business activities; bootstrapping of EPS; merger transaction characteristics; pre-offer and post-offer takeover defense mechanisms; use the discounted cash flow, comparable com