We both owe considerable debts to our instructors, in particular:

Paul wants to thank those who taught him finance and how to teach, especially:

• Gene Fama, Milton Friedman, Al Mandelstamm, David W. Mullins Jr., Henry B. Reiling, and George Stigler.

Larry wants to thank those who taught him, especially:

• Paul Asquith, Carliss Y. Baldwin, Roger C. Bennett, David Fewings, Michael Jensen, Robert Kaplan, Norman Keesal, Vivienne Livick, C. Harvey Rorke, and Howard H. Stevenson.

Paul and Larry also wish to thank Amar Bhide (Tufts University) and Laurent Jacque (Tufts University) for reading the book and for their many comments and suggestions. We are also grateful to Jacqueline Donnelly, Bridgette Hayes, and Stephanie Landers, who corrected many of our editorial mistakes and helped make our prose easier to read, and Michael Duh and Heidi Pickett, who helped ensure our numbers are consistent. A special thanks is also owed to the John Wiley & Sons editorial team—most notably Tula Batanchiev (associate editor) and Steven Kyritz (senior production editor) for their guidance and enthusiasm.