Risk Management and

Financial Institutions, Fifth Edition

The following typos and other errors are in the first printing of the fifth edition:

Page 122: Problem 5.5 third line, 1.3900 should be 1.2900. (This was kindly pointed out by Emilio Barone.)

Page 319: line 8: 1,000,000 should be 10,000,000 in the equation. (I am grateful to Victoria Geyfman for pointing this out.)

Page 328: line 10 of Section 14.4.2: Change “cash partial durations” to “dollar partial durations”

Page 332: Section 14.6 line 4, 97.5% should be 99%. (This was kindly pointed out by Emilio Barone.)

Page 337: Last two equations. 2.691 should be -2.691 and 6.119 should be

-6.119. (This was kindly pointed out by Emilio Barone.)

Page 341: Problem 14.6, line 4, “decrease” should be “increase”. (This was kindly pointed out by Emilio Barone.)

Page 363: Figure 15.1: Change 99% to 99.9%

Page 419: Section 18.2.1. last line. “equation (14.6)” should be “equation (14.5)”. (This was kindly pointed out by Emilio Barone.)

Page 577: footnote 6, delete “and dividend yield” (This was kindly pointed out by Emilio Barone.)

Page 594: Section 26.5.2, last line. “Section 11.6” should be “Section 11.5”. (This was kindly pointed out by Emilio Barone.)

Page 627: Footnote 4 “2006” and “2007” should be “2016” and “2017”, respectively. (This was kindly pointed out by Emilio Barone.)

Page 737: Problem 22.8: $284,204 should be $282.204 in two places. (This was kindly pointed out by Emilio Barone.)