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Uniquely Applying Original Valuation Theory

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Errata - Quanitative Business Valuation
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1 63 Equation (3-6) should have a minus sign after the first 1/(r-g), before the brackets. 11/23/00
2 63 Equation (3-6a) should have a minus sign after the first 1/(r-g), before the brackets. 11/23/00
3 66 4th line from the bottom: Change Column "C" to Column "B". 11/23/00
4 66 2nd line from the bottom: Change Column "C" to Column "D". 11/23/00
5 218 Cell A28: Delete footnote reference [5]. It should not have been there. 12/4/00
6 165 Par. 1, line 5: Change "Row 4" to "B9". 12/18/00
7 165 Par. 2, line 1: Delete "of". 12/18/00
8 165 Par. 3, line 2: Change "high" to "low of". 12/18/00
9 165 Par. 3, line 3: Change "undervalued" to "overvalued". 12/18/00
10 xv Last 2 lines: (Formatting error for McGraw Hill only) Align line starting with "Pratt" with paragraph above. 12/26/00
11 42 Par. 4, line 5: Insert "be"between "may" and "useless". 12/26/00
12 45 Par. 2, line 2: Change "time" to "GDP". 12/26/00
13 62 Equation (3-2): The n subscript in the denominator of the second term from the right should be a superscript. 12/26/00
14 142 Par. 1, line 2: Change "high' to "low of". 12/26/00
15 142 Par. 1, line 3: Change"undervalued" to "overvalued". 12/26/00
16 143 Table 4-4C: Change cell B10 to "6%". 12/26/00
17 147 Par. 5, line 1: Delete second "will reduce". 12/26/00
18 65 Footnote 4, line 2: Insert an equal sign "= "after "t" 12/27/00
19 345 Par. 7, line 8 (2nd from bottom): Change "Table 9-6" to "Table 9-7". 12/27/00
20 347 Cell B10: Change "V-3" to "9-7". 12/27/00
21 v (Dedication), par. 2, line 1: Correct spelling is "Ohshima". 1/2/01
22 479, 480 Page references for Boatwright, David, Gregory, Gordon, and Obenshain, Doug should be 261n, not 258n. 1/15/01
23 28 B37 is actually 0,8044736 to 7 significant digits. This eliminates the apparent, but not real, rounding error in calculating the $1,343,928 in C17. 1/18/01
24 374-377 In tables 10-6A through 10-6G, footnote [1], the references to Table 10-4 should match the letter after 10-6, e.g., for Table 10-6A, note [1] should refer to Table 10-6A; for Table 10-6B, note [1] should refer to Table 10-6B, etc. 2/7/01
25 84 Par. 3, Line1: Insert "use" after "still" 10/21/01
26 230-231 Reword last sentence on 230 as: "You saw this earlier in the chapter in the section on international voting rights premia, where we examined the difference in the market value of voting versus nonvoting stock in international markets." 11/13/01
27 345 Par. 1, Title: The correct title should be, "Regression Results for Private (Real Estate) Fractional Interest Sales". 2/8/02