Typos that I have found (and I am sure you will
find more...)
After 6 books and several thousand pages of manuscript, you would think that I have found the secret to error-free publishing but you would be wrong... Here are the typos I have found so far. What can I say other than "I am sorry"?
Page number |
Text as is |
Corrected text |
40 |
FCFE_{11} = 15400 (1.06) - $15,400(1.06)(.40) –(-653) = $9,142 million Terminal Price = 9,142/(.104-.06) = $207,764 mil Value of Equity today = 25,461+207764/1.104^{10} = $102,708 million Value per share = $102,708/997.231 = $102.99 |
FCFE_{11} = 15400 (1.06) - $15,400(1.06)(.40) –(-653) = $10,447 million Terminal Price = 10447/(.104-.06) = $237,441 mil Value of Equity today = 25,461+237441/1.104^{10} = $113,742million Value per share = $113,742/997.231 = $114.06 |
41 |
Value of firm with FCFF growing at Constant rate = |
Value of firm with FCFF growing at Constant rate = |
71 |
Cisco is on Y axis; S&P 500 is on X axis |
Cisco is on X axis; S&P 500 is on Y axis |
97 |
Estimated MV of Motorola Debt = [ |
Estimated MV of Motorola Debt = $305[ (Insert annual interest expense before first bracket) |
125 |
The net loss of $852 million |
The net loss of $752 million |
147 |
The arithmetic average growth rate is lower |
The arithmetic average growth rate is higher |
192 |
If the return on capital is equal to the stable growth
rate |
If the return on capital is equal to the cost of capital |
316 |
EV/EBITDA = (Market Value of Equity – Market Value of Debt – Cash)/EBITDA |
EV/EBITDA = (Market Value of Equity + Market Value of Debt – Cash)/EBITDA |
332 |
I hope you have not bought anything or sold anything because of these typos.