Clearly written but full of arithmetic mistakes
4/2/2008
I chose this book for my investments class because it is an easy read for my international students, but I quickly found out that the text and the problem solutions are full of careless arithmetic errors. I strongly advise any professor not to use the problem solutions provided in the instructor's manual. About 20% of them contain stupid mistakes. Also, don't plan on using the PowerPoints in the instructor's manual. The chatty writing style that works so well in the text has been cut and pasted into the PowerPoints (in some cases literally) creating a dense and over wordy presentation. Finally the authors place a high priority on giving students an early start to simulated securities trading. This is very laudable but it means they provide information on reading quotes for securities well before they explain the nature of those securities. This might work for a well known security like a common stock, but it's quite meaningless to explain quotations for options when students don't have a clue about what they are buying or selling. I'm still using this book, but continue to be frustrated by its limitations.