The University of Manchester (UOM)

Comprehensive notes on payout policies — dividends vs share repurchases, dividend smoothing, M&M dividend irrelevance theory, conservative & radical approaches, and market reactions to payout decisions.

Detailed look at agency problems in corporate finance — asset substitution, underinvestment, debt overhang, free cash flow issues, and solutions through debt restructuring or tangible asset usage.

Covers bankruptcy costs (direct & indirect), financial distress, trade-off theory for optimal capital structure, asymmetric information, and the pecking order theory for financing decisions.

Explains MM Proposition II — relation of leverage with cost of equity, effect of taxes, debt tax shield, WACC behavior with leverage, and limits of debt benefits in real-world scenarios.

Focused notes explaining MM Proposition I — Capital Structure Irrelevance, assumptions, conservation of value principle, homemade leverage, and implications for firm value.

Covers the basics of Options trading — Call & Put options, strategies like Straddle & Strangle, Put-Call Parity, pricing models like Binomial & Black-Scholes, hedging vs speculation, and key option pricing determinants.

Detailed notes covering Capital Budgeting, NPV calculations, WACC, cost of equity, and cost of debt. Ideal for understanding investment decisions and project evaluation frameworks.

Very detailed notes on all the lectures of the module. I received a 1st in this module.

Notes on lecture 9 of Clocks, Sleep & the Rhythms of Life

Provide extend and more equations required for exams. Important to learn and understand. I personally got 95% for this module, so I think that this formula sheet is very effective when using it for past papers and revisions.