My class had the tenth edition of this text. Most of my finance class did not like the structure of the book. Formulas are directly in text instead highlighted in their own spots. You really have to dig to find information. Some complex formulas only have a single example, which can lead to problems if something is not understood. The entire class had a difficult time calculating Value At Risk "VAR" because the example in the book was unclear and it was the only one. After the class voiced their opinion the professor said he will shop for a new text for his next class. If you're just trying to learn for yourself it is a decent read. If you need to be exam ready for the material within, I suggest a supplemental text. I found that my "Fundamentals of Investments valuation and management 6 ed by Jordan, Miller, and Dolvin" text to help tremendously with my studies for this course even though it was a required text for another finance class.