PrintNumber ErrorLocation Error Correction DateAdded
1 piv First Printing April 2013 First Printing April 2013 with corrections September 2013 5/13/2013
1 pix Also, my friends and family who gave me encouragement and inspiration, and forgave me for missing tee times: Barbara, Bill, Bobbi, Daniel, David, Ernie, John, Katy, Kristine, Leslie, Paul, Steve, Katy, and Tony. Also, my friends and family who gave me encouragement and inspiration, and forgave me for missing tee times: Arnold, Barbara, Barry, Bill, Bobbi, Daniel, David, Ernie, John, Kate, Katy, Kristine, Leslie, Matty, Paul, Steve, and Tony. 8/29/2013
1 p2-4 In 2012, AQR Capital Management, the hedge fund company run by Cliff Asness and other former Goldman Sachs managers, launched four new mutual funds. delete sentence
(cause re-wrapping of text)
8/29/2013
1 p5 Investors at firms such as UBS, Merrill Lynch, and Morgan Stanley learned that their securities bought to earn income had overnight been “converted” into depreciated stocks. The losses were huge and unexpected Investors at some of the largest and most respected investment management firms learned that their securities bought to earn income had overnight been “converted” into depreciated stocks. The losses were huge and unexpected. 8/29/2013
1 p90 Option strike price $100 $110
Option strike price $100 $105
8/29/2013
1 p98 Actually, it can either, or both. Actually, it can be either, or both. 8/29/2013
1 p99 1. Stock Return = SND x Mean + StdDev
2. Stock Price = S0 x e(Stock Return)
This becomes:
Stock Price = S0 x e(SND x Mean + StdDev)
1. Stock Return = SND x StdDev + Mean
2. Stock Price = S0 x e(Stock Return)
This becomes:
Stock Price = S0 x e(SND x StdDev = Mean)
8/29/2013
1 p103 Stock Price = S0 x e(SND x Mean + StdDev) Stock Price = S0 x e(SND x StdDev = Mean) 8/29/2013