Errata Sheet for Modern Corporate Finance
                    Chambers and Lacey
                    5th Edition

Page 59, Workshop 2.1, 6th line from bottom: change $225,000 to $235,000
Page 59, Workshop 2.1, 6th line from bottom: change $87,750 to $91,650
Page 59, Workshop 2.1, 8th line from bottom: change $336,100 to $340,000

Page 214, Table 7.3.

Interest Rate    PV of Outflows    PV of Inflows    NPV

10%                $250.000            $279.113            $29.113

11%                $250.000            $274.793            $24.793

12%                $250.000            $270.599            $20.599

13%                $250.000            $266.502            $16.502

14%                $250.000            $262.523            $12.523

15%                $250.000            $258.650            $  8.650

16%                $250.000            $254.879            $  4.879

17%                $250.000            $251.206            $  1.206

18%                $250.000            $247.628           -$  2.372     

 
Page 580, Problem 6b, 2nd line: change $1.40 to $1.50

Page 633, Problem 8b, 2nd line: change "short" to "long" in both cases ($45 and $60)

Solutions In Chapter 8: Problem 4: Reverse the Headings to Read    "First Type"  and then "Second Type"

 Last Update January 17, 2009