Problem Set 10, due Thursday, 12/5, is now available

Problem Set 10, due Thursday, 12/5, is now available at  The first problem in this problem set is based on the tax asymmetry concept discussed in class last Tuesday.  The second problem relates to the so-called “underinvestment” problem, which we will cover during tomorrow’s meeting of Finance 4335.

Restrictions on Use: Section III.C.16 of Baylor’s Honor Code Policy and Procedures stipulates that using, uploading, or downloading any online resource derived from material pertaining to a Baylor course without the written permission of the professor constitutes an act of academic dishonesty. Since Professor Garven gives no such permission for Finance 4335 course content, this means that the use and redistribution of Finance 4335-related documents involving any source other than Professor Garven are expressly forbidden. For more information on the use restrictions of Finance 4335 course content, see

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