## Changes and Additions to the Course Web Pages

Last updated: April 1, 1997

 Date Lecture & Section Change or Addition 1/18/97 Section 0.6 The formula has been fixed. The interest rate should have been divided by m rather than n and the exponent should have been n rather than t (though in the example, t = n). 1/18/97 Section 0.12 The interest rate should have been 6%, not 5% 1/18/97 Section 1.17 The 5th formula has been fixed. The brackets weren't right, and there was an extra "B" floating around. 1/23/97 Section 1.17 The sign has been fixed on the modified duration calculation to read: Modified Duration = Duration / (1+i) 1/23/97 Lecture 1 References to coupons compounding semiannually have been changed to indicate that coupons are paid semiannually. 1/23/97 Lecture 1 Add Web page with Professor Maug's notes on duration. Page replicates note in the course pack. Link from hypersyllabus or topics. 1/23/97 Lecture 2 Add Web page with Professor Maug's notes on dividend growth model. Page replicates note in the course pack. Link from hypersyllabus or topics. 1/24/97 Assignment 3 Added Assignment 3 to Web Pages. 1/25/97 1.17 Formulas in box entitled Wall Street Conventions have been fixed and clarified. 1/25/97 1.13 In text below the table, the price was 10 cents off. This has been corrected. 1/25/97 1.20 The % change for bond B has been corrected. 1/25/97 1.19 The first row of the table was missing. It is now included. 2/10/97 4.5 Correct sign of borrowing 2/10/97 4.6 Correct sign of borrowing and exponent 2/10/97 4.15 Change "23,000" to "22,000" 2/10/97 5.44 Fix subscript of "x2" in Black-Scholes formula. 2/10/97 4.8 In formula, 0.8 is a % not a \$. 2/15/97 5.24-5.31, 5.36 These sections used "X" to denote strike price. "x" was changed to "k" to be consistent with the rest of the lecture. Both notations are commonly used. 2/16/97 4.13 Made it clear that the price of Greasy Wool is in cents. 2/16/97 4.19 Added missing "<" after "F = 300" Changed "295" to "192.59" 2/16/97 4.23 Cents were transposed. Changed "95.86" to "95.68" 2/16/97 5.51 Strike price is 0.66, not 0.80 2/27/97 Lecture 7 Added new Java program for two asset efficient frontier. 3/1/97 7.11, 7.12, 7.24 Covariance is not squared. 4/1/97 1.17 Elasticity should be divided by R, not i. 4/1/91 1.19 Total PV of bond was under the wrong column.