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Rating: - Just ok Some sections of the book were underlined throughout the page. If everything is underlined, nothing is important. Rating: - Agree with Veritas - Poorly edited, mistakes galore! I agree with Veritas in that this text and its accompanying solution manual are plagued by errors. The text, in its examples, has errors throughout the text which makes learning this material extremely difficult. For example, on page 65, Exhibit 4-5, the answers given read as "Macaulay duration (half years)", "Macaulay duration (in years)" and "Macaulay duration". The last "Macaulay duration" should read Modified duration. On page 68, an equation reads "210.62(+0.02) = - 0.2124 = -21.24%". Do the math here folks! This should read, "-10.62(+0.02) = -0.2124 = -21.24%. Every chapter that I have read has errors. I am currently working on Chapter 18 and the examples given calculate the forward rates incorrectly. Page 425 has a 3-year forward rate of 5.58%, It should be 5.611. I guess someone could say, "You're being anal here. What's the difference between 5.58% and 5.611%?" The Author, publisher and editor should be ashamed of themselves. Keep in mind folks, this is a SEVENTH EDITION! I couldn't find any errata available on the publishers site either. I realized students don't have any say in what text is assigned in class, so you're stuck if this is the case. At least, I've warned students that there are more mistakes in this text than a speech by Vice President Joe Biden. Rating: - Good product....misunderstanding with the edition The seller was in touch with me throughout the entire process but I didn't receive a student edition of the book like I thought I bought instead I received a professional edition which wasn't written on the description of the book. However they did refund me some money for this mix up. Rating: - Fabozzi is the Dean of Bonds Excellent treatment of all the major concepts -- good if you are studying for the CFA exam, as well...we used this in a top 20 MBA program and I highly recommend this book...fixed income is not easy stuff, but this book explains concepts/problems in a easy to digest way.... Rating: - Plagued by Math Errors and Incomplete Formulas This book has numerous issues with incomplete formulas, math errors, and poor editing. Many of the questions at the end of the chapters are incomplete and the solutions in the manual often add in information that was not in the question. The solutions manual has lots of numbers transposed and on multipart questions these errors cause all of the answers to be incorrect. In addition, many of the solutions will change par value in the middle of the answer making it very confusing. The editor of this book should be fired immediately.