Page 21:

third paragraph, add 'same': ****Comparing the performance of funds with the same vintage year is most appropriate, as they have been exposed to the same macroeconomic conditions since the first investments were made.

Page 58:

In the example, there are 1,470,588 common shares outstanding should read there are 1,470,000 common shares outstanding.

Page 62:

In the example (answer), 1.065 should read 1.06^5.

Page 101:

In the equations for d1 and d2 - replace 's' with σ in all instances.

Page 144, Figure M7.4:

For Year 9, remove Principal Paid 100,000,000, add Debt Outstanding 100,000,000.  Add Year 10, add Interest Paid 6,000,000, Principal Paid 100,000,000, Debt Service 106,000,000.

Page 161:

The answer for Module Quiz M7.3, question #1, should be C.