Study Guide to accompany Financial Management: Theory and Practice

Practice problems are the best way to learn Financial Managment, and this book is potentially useful because it not only gives the answers, but provides step-by-step solutions that walk you through the problem.

HOWEVER, the sample problems are littered with editing mistakes which will waste you valuable time when studying. For example, in the Self-Test Problems, questions will often refer to a previous problem, as in Chapter 6: "Refer to Self-test Problem 2. What would rx be if investors expected the inflation rate to increase by 2 percentage points and their risk aversion increased by 3 percentage points?"

Did the problem once. Got the wrong answer, Tried it again, still got the wrong answer. Reviewed the step-by-step solution provided. Realized that it SHOULD have read, "Refer to Self-test Problem 3" NOT 2. The result? A complete waste of time. This has happened to me more than a dozen times, and I'm not even 1/4 the way through the chapters.

Don't buy this study guide; it was clearly thrown together quickly and sloppily and they did an awful job of quality control and editing.

Halfway through my first semester of finance I was trying to understand why so many of my classmates were no longer struggling - turns out they had ordered this study guide. Generally I am not a fan of study guides, but this one is very comprehensive and gives wonderfully detailed explanations to all of its self-test problems - not just the answers. I ended up using this more than my actual text book and I highly recommend it to every student taking Finance.

I thought that this study guide would follow the actual text book to the tee, but it does not. I was hoping it would follow the problems at the end of the chapters and explain in detail the problems.

This study guide was extremely helpful to me. It gives you all the main points and helps you understand the text better. I wish all study guides were this good!