On 2007-10-15 Publius-1776, Washington, DC wrote: Practice problems are the best way to learn Financial Managment, and this book is potentially useful because it not only gives the answers, but provides step-by-step solutions that walk you through the problem.
HOWEVER, the sample problems are littered with editing mistakes which will waste you valuable time when studying. For example, in the Self-Test Problems, questions will often refer to a previous problem, as in Chapter 6: ´Refer to Self-test Problem 2. What would rx be if investors expected the inflation rate to increase by 2 percentage points and their risk aversion increased by 3 percentage points?´
Did the problem once. Got the wrong answer, Tried it again, still got the wrong answer. Reviewed the step-by-step solution provided. Realized that it SHOULD have read, ´Refer to Self-test Problem 3´ NOT 2. The result? A complete waste of time. This has happened to me more than a dozen times, and I´m not even 1/4 the way through the chapters.
Don´t buy this study guide; it was clearly thrown together quickly and sloppily and they did an awful job of quality control and editing. . And summed up by saying Bad Editing & TONS of MISTAKES!. Currently Study Guide to accompany Financial Management: Theory and Practice has an overall rating of 6 over 10.
Study Guide to accompany Financial Management: Theory and Practice can also be found in the following searches:
South-Western College Pub claimed This supplement outlines the key sections of each chapter, and it provides students with a set of questions and problems similar to those in the text and in the Test Bank, along with worked-out solutions.
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