Gary Joseph Gray
Professor of Finance
Office Address 330 Business Building
Phone Number 814-863-3564
Email Address email@example.com
Before joining the Smeal College, Dr. Gray was an investmentbanker/financial engineer specializing in municipal derivative productsand new financing techniques and programs. He was the principalarchitect of a number of financial products including: tax-exemptzero-coupon bonds, capital appreciation bonds, agricultural revenuebonds, tender option crossover refunding bonds, RIBS/SAVRS, BondPayment Obligations (BPOs), Premium Municipal Bond Receipts, GovernmentDevelopment Receipts, municipal call options (MuniCHOPs), secondarymarket versions of RIBS/SAVRS and tax-exempt bond and preferred stockprograms using various custody and trust arrangements. He assisted inthe sale of derivative products to large institutional investors andpresented Lehman's programs at municipal and derivatives conferences.
Stock and Bond Valuation. Investment Banking. Financial Institutions. Municipal Finance.
Ph D, Finance, The Pennsylvania State University, 1984
MBA, The Pennsylvania State University, 1977
BS, Electrical Engineering, The Pennsylvania State University, 1972
B A 301 – Finance (2)
Overview of financial manager's role within the organization; investment, financing, and restructuring activities.
FIN 301 – Corporation Finance (3)
Nature of finance function; risk and return concepts; working capital; dividend policies; mergers; security markets; acquisition and management of corporate capital; analysis of operations, forecasting capital requirements; raising capital; and planning p
FIN 408 – Financial Markets and Institutions (3)
Functional analysis of major credit institutions; sources and uses of funds; impact of government regulation.
FIN 496 – Independent Studies (variable)
Creative projects, including research and design, which are supervised on an individual basis and which fall outside the scope of formal courses.