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

FCFE11 = 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+207764/1.10410 = $102,708 million

Value per share = $102,708/997.231 = $102.99

FCFE11 = 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+237441/1.10410 = $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.