All posts by jgarven

New and improved (and final) version of the Final Exam formula sheet for Finance 4335 and office hours tomorrow…

I decided today to create a new and improved (and final) version of the Final Exam formula sheet for Finance 4335. If you have previously downloaded and printed this document, I recommend that you toss that version and redownload/print this version. While there weren’t any errors per se in the previous version, I have tweaked this version so that it is clearer and more likely to be helpful when y’all take the Finance 4335 final exam. When you do take the exam, you will find this new version of the formula sheet attached to the exam booklet.

As I indicated in my previous “Virtual and real office hours going into the final exam” blog posting, If y’all have any Finance 4335-related questions or concerns going into the final exam, feel free to call, email, or text me between now and then during “regular” business hours. I will also be available in my office (Foster 320.39) tomorrow afternoon from 1:30 – 3:30 p.m. if anyone cares to stop by.

Good luck on the exam!

Time to complete teacher evaluations for Finance 4335 (along with other courses in which you are enrolled)!

As I am sure you are well aware, today and tomorrow are “Study Days” which should help you prepare for your Fall 2019 final exams. If you haven’t already done so, now would be a good time to complete teacher evaluations for Finance 4335 (along with your other courses), since the window for completing teacher evaluations officially closes as of Thursday, 12/12 at 10 am.

At Baylor, all of your professors undergo annual evaluations concerning quality of teaching, research, and service.  By completing teacher evaluations, you contribute importantly by providing the University with information that may affect not only faculty compensation and promotion/tenure decisions but also provide faculty with useful information concerning ways to improve teaching. Therefore, I encourage you to complete your teacher evaluation for Finance 4335 and all of your other courses!

Finance 4335 final exam schedule and related (Baylor and Hankamer) policies

Please make sure that you take your final exam with the section of Finance 4335 in which you are enrolled.  If you are enrolled in Section 1 (which meets 11-12:15 TR in Foster 203), then your final exam will occur in Foster 203, from 9-11 a.m. on Friday, December 13.  If you are enrolled in Section 2 (which meets 2-3:15 TR in Foster 314), then your final exam will occur in Foster 314, from 4:30-6:30 pm on Monday, December 16.

Here are the official University and Hankamer policies which jointly govern any rescheduling requests for students who have three final exams scheduled for the same day.  According to University policy, having three final exams on the same day apparently constitutes a necessary condition for making a rescheduling request:

1. University Policy on End of Semester Examinations (see current Undergraduate Catalog, page 33):

“No final examination may be given on other than regularly scheduled dates unless approved by the appropriate academic dean.  A student with three final examinations scheduled on the same day may appeal to one of the teachers or the appropriate dean who will reschedule an exam during the final examination period.”

2. Hankamer School of Business procedure regarding rescheduling final exams:

There is a “Petition to Reschedule Final Examination” form that students requesting a Conflict Final Exam are required to complete before they request that you allow them to take their final exam at a time that is different from the published time.

Students should obtain the form from the Hankamer Undergraduate Programs office in Foster Suite 130 and follow the directions given to them with that petition.

Information about the Final Exam in Finance 4335

  • The exam consists of five sections; Part I consists of 12 multiple choice questions worth 2 points each, whereas Parts II, III, IV, and V all consist of “standalone” (multi-part) problems worth 24 points each.
  • You are only required to work four out of five sections. At your option, you may work all five sections, in which case you will receive credit for the four highest scores.
  • Since the maximum number of points possible is 96, all who complete this exam will be rewarded an extra 4 points for writing their names in the space provided. Thus, the maximum number of points possible for this exam is 100. 🙂
  • You may have two hours in order to complete this exam. Be sure to show your work as well as provide a complete answer for each problem; i.e., in addition to producing numerical results, also show that you understand the underlying logic behind your answers.
  • The formula sheet for the final exam in Finance 4366 is now available at  This formula sheet, along with the Standard Normal Distribution Function (“z”) Table, will both be included as part of the final exam booklet.

Better Sleep — Not ‘All-Nighters’ — Helps Students on Final Exams

I assure y’all, that the results reported in the studies cited below apply to students generally, not just in the College of Arts & Sciences and the Robbins College of Health and Human Sciences!

WACO, Texas (Dec. 3, 2018) — Students who met ‘8-hour sleep challenge’ got extra points — but they didn’t need them, thanks to superior snoozing, Baylor studies find.

Tomorrow’s review session and various other study hints for the final exam in Finance 4335

I plan to devote tomorrow’s Finance 4335 class meeting to a review session for the final exam.  Make sure you read the Finance 4335 (Fall 2019) Course Overview prior to coming to class.  This document summarizes virtually all the topics we covered this semester in Finance 4335.  I designed this document to serve as a study guide to help you prepare for the final exam.

Here are some other helpful study hints to consider:

In closing, keep in mind that if you are enrolled in Finance 4335, Section 1 (11-12:15 TR in Foster 203), then your final exam is scheduled for 9-11 a.m. on Friday, December 13.  However, if you are enrolled in Finance 4335, Section 2 (2-3:15 TR in Foster 314), then you are to take the final exam on Monday, December 16, from 4:30-6:30 p.m.

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

Is There Real Virtue Behind the Business Roundtable’s Signaling?

At the beginning of the fall semester, I published a blog posting entitled “Milton Friedman on CEOs” which was highly critical of the  Business Roundtable decision to throw Milton Friedman’s shareholder-centric model of corporate governance under the bus in favor of the more politically fashionable “stakeholder” model.  A couple weeks later, I followed that blog posting up with a subsequent posting entitled “The Business Roundtable’s Recipe for Confusion” which links to a WSJ op-ed which argues, among other things, that when companies try to do the government’s job, inefficiency and uncertainty result.  In yesterday’s WSJ, two professors from LSE and Columbia provide empirical support for these hypotheses in an article entitled “Is There Real Virtue Behind the Business Roundtable’s Signaling?“, claiming  that ‘stakeholder capitalism’ fails on its own terms.”