An invaluable addition to the libraries of students, academics, and especially practitioners. Modern numerical techniques are being used to a growing extent in the practice of finance and Benninga's book provides a much-needed and overdue reference for financial engineering
Richard Roll, Allstate Professor of Finance and Insurance, University of California, Los Angeles
I have used several sections from this book in graduate-level investment classes over the last two years. The hands-on approach of both the text and, especially, the 1-2-3 algorithms prove to be very valuable in enhancing students' understanding of complex financial models.
Donald Keim, Associate Professor of Finance, Wharton School, University of Pennsylvania
Finance should be a practical rather than a theoretical subject. Simon Benninga's book is one of the first to translate theory into practice using Lotus 1-2-3.
Richard C. Stapleton, Wolfson Professor of Finance, Lancaster University
This excellent book shows how to incorporate into a spreadsheet program, like Lotus, the sometimes theoretical constructs of modern finance. In the process of working through this book, the reader will gain an intuitive understanding of modern finance and, as a bonus, a thorough knowledge of Lotus.
Marshall E. Blume, Howard Butcher III Professor of Financial Management, Wharton School, University of Pennsylvania
