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Finance is often viewed as an intimidating subject laden with jargon and mathematics that can mask the beauty and practicality of the subject. The truth is that finance is based on a few principles that are easy to understand and fun to apply. This class will introduce some of these principles - arbitrage, leverage, risk and return - using a popular institutional trading strategy as an illustrative vehicle.
Michael Roberts is the William H. Lawrence Professor of Finance at the Wharton School of the University of Pennsylvania. Professor Roberts investigates the determination of corporate capital structure and payout policy, and their impact on corporate investment and equity returns.