So, this semester in my Advanced Financial Analysis class, we have to do a bunch of case analysis'. This time in particular, we had to defend/ explain our answer for a question we were randomly assigned to. The company we were looking at this time was MCI and the theoretical question that we got to "defend" our answer for was what kind of financing option would we recommend the CEO take after our analysis and with the options of: 1) $500 million in bonds, 2) $500 in common stock, and 3) $500 million in convertible bonds that were callable after 5 years. After our analysis, we picked the $500 million in convertible bonds.
Side note: We were assigned groups for group work in all our classes for the semester and they are the same for every class. So I have this guy in my group, who I knew from before when I took Stats my first semester at BYU, who has a really bad habit of always thinking he is right even when the numbers prove he is wrong and we tell him a 1,001 ways he is wrong. We also have gotten to the point where we kind of ignore, for the most part, whatever he says because usually he is wrong anyways. Is that really bad?
Anyways, without boring you with all the details, when we were explaining why we chose the $500 million in convertible bonds, he kept trying to go off on his tangent that we had shot down multiple times already and we had not included at all in our analysis. Our professor was like "okay" in that way where you are not really too sure about a person or not. So I spoke up and started explaining why we had chosen the $500 million convertible bonds and afterwards my professor said "you get an A+ for the day." A few more questions later and this group member trying to go off on his tangents again several times (even after our teacher telling him that he should just stick with me because I was right), he goes off again. So I just start talking and explain another aspect of why we chose it and then my teacher said "you definitely get an A++ for the day." And then he says again to this group member "you should stick with Jessica."
Score! Then when the next group was defending their answer for the same question we answered, they said "well, we chose that option (the $500 million convertible bonds) because Jessica is right." My teacher replied, "yes, Jessica is right but why else did you chose it?..." Anyways, it just made me feel good inside that I knew what I was talking about and it was on a topic that I really could not have told you too much about before this semester. Plus, it was just funny that my teacher kept telling this group member of mine to stick with my answer because I was right.
So I got an A++ in that class for the day! Not that it really counts for anything but still....
