WWWFinanceTM

Global Financial Management

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.