Curriculum Guide · Courses
Taxation of Debt Instruments & Securitization Transactions II
Professors Garlock and Keinan
LL.M Course 744 | 2 credit hours
This course will present an in-depth analysis of the federal income taxation of debt instruments, with a focus on computational issues and techniques. Students are required to bring a laptop to class with Microsoft Excel (or comparable spreadsheet program) installed. The class will be a workshop, with every student expected to participate. Topics covered will include: basic interest and original issue discount rules; market; discount and premium; convertibles, exchangeables and investment units; coupon stripping mortgage-backed securities; variable rate and contingent debt instruments; high-yield; discount obligations; and foreign currency denominated debt instruments. The course will have several required homework assignments over the course of the semester and will have a take-home examination. Qualified JD students are welcome to participate in the course.
Prerequisite: (1) Basic Taxation of Debt Instruments Course or solid background in the subject matter, (2) basic familiarity with spreadsheet program, and (3) ability to deal in depth with quantitative issues.
This class will meet from 6:00pm-10:00pm on six Tuesdays (dates TBD) in Spring 2009.