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Advance Certificate Course in Stocks & Bonds

Course Code Course Fees Course Duration Duration Per Session Total Sessions
IMFA-204 USD 200 10 Hours 2 Hours 5

Course Objectives

The objective of the course is to provide advanced skills related to operate in stock and bond market and the ways of investing in it. It will enable the student to take up investment in stock and bond markets independently.

Unit I: Stock Analysis

Stock Quotations; Order (Types- Limit order, Stop Order and Market Order, Uses of Order); Placing order; Risk Valuation and Mitigation; Analysis of the company: [Using Ratio Analysis: (Short-term Solvency Ratio, Assets Management Ratio, Debt Management Ratio, Profitability Ratio, Market Value Ratio, Dividend Ratio etc.); Assessing Quality of Management using Financial and Non-Financial Data, Balance Sheet and Quarterly Results, Cash Flows and Capital Structure]; Comparative Analysis of Companies; Fundamental Analysis; Technical Analysis

Unit II: Dividend Policy

Nature of Dividend Policy; Significance of Dividend Policy; Factors affecting Dividend Policy; Dividend versus Capital Gains: Dividend Irrelevance Theory, Bird-in-the-hand Theory, Tax Preference Theory; Dividend Policy in Practice: Setting Target Payout Ratio; Earning, Cash Flows and Dividends, and Payment Procedures; Stock Dividends and Stock Split; Stock Repurchases

Unit III: Stock Valuation

Stock Valuations: Using Ratios like Price to Earnings (P/E) ratio, Dividend Growth Rate (constant-growth and multistage growth models), Capital Asset Pricing Model (CAPM), Price Earnings to Growth (PEG) ratio; Use of Historic Prices; Simple Moving Average; Interactive Charts: Basic and Advanced; Shareholding Pattern of the Company; Pitfalls to Avoid while Investing; Stock Market Indexes: Price-weighted Index, Value-weighted Index, Equally-Weighted Index

Unit IV: Bond and Bond Valuation

Bond Markets: Treasury Notes and Bonds, Inflation-protected Treasury Bonds, Federal Agency Bonds, International Bonds, Municipal Bonds, Corporate Bonds, Mortgage-backed Securities; Determinants of Bond Yields; Estimating Bond Yields (current yield, taxable equivalent yield, yield to maturity, yield to call, holding period return, bond equivalent yield); Bond Valuation; Types of Bond Risks, Default Risk and Credit Rating; Yield to Maturity versus Holding-period Return; Bond Pricing between Coupon Dates; Bond Prices over Time

Unit V: Mutual Funds

Mutual Funds- Concept, Types (Open ended, Close ended, Equity debt, Hybrid, Money Market, load vs. load funds); Advantages of Investing in Mutual Funds; Reasons for Mutual Funds Investment, Net Asset Value, Factors affecting Choice of Mutual Funds