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<HTML> <HEAD> <TITLE> Praise for ValueCalc 2.0 </TITLE> </HEAD> <BODY BACKGROUND="" BGCOLOR="#ffffff" TEXT="#000080" LINK="#0000ff" VLINK="#400080" ALINK="#ff0000"> <CENTER> <P> <H2>Academic and Professional Comments on ValueCalc 2.0</H2> </P> </CENTER> <HR WIDTH="85%" ALIGN=CENTER> <P> <FONT SIZE="3"> "<I>ValueCalc <B>is an invaluable (no pun intended) resource for the classroom at all levels, undergraduate, graduate, or executive programs, especially masters in business and finance. It reinforces finance theory by quickly solving any financial problem thrown at it. Nor is it a "black box" since each solution window has a self-contained definition of the asset and a brief explanation of how the asset is valued. A sample default problem provides an intuitive way for indicating, for example, how semi-annual coupon payments are specified, and whether the term structure of interest rates to be entered is semi-annually compounded par bond yields or continuously compounded spot rates. <P> For classroom use, I particularly rely on the strong foreign exchange capabilities of <I>ValueCalc <B>, especially FX options. In its best use, homework assignments can be tailored to <I>ValueCalc <B>. However, I decided to adopt <I>ValueCalc <B> when it quickly and accurately solved the problems in the textbook I was using for International Finance 630 at the University of Miami. Students can turn in their homework assignments and case studies by printing the solution in <I>ValueCalc <B>. The manual also provides case studies that are solved by <I>ValueCalc <B>. <P> At the School of Business Administration of the University of Miami, we are fortunate to have several multi-media classrooms which can display <I>ValueCalc <B>overhead. It is easily viewed in a classroom of 50 students because of its clean display and judicious use of color. When reviewing a homework assignment or case study, I ask students from the classroom to come to the front to solve the problem with <I>ValueCalc <B>displaying overhead, then to explain the solution and entertain "what if" questions that might modify the result. This gives them a great deal of self-confidence and motivates them. In my executive education course (International Finance 630 at the Siemens Corporation), I bring a laptop that connects by cable to a Proxima which projects overhead in the training room. The executives and managers particularly enjoy the "hands-on" approach of <I>ValueCalc <B>, and quickly become adept at its use.</I>"<BR> Michael Connolly, Professor,<BR> Department of Economics, University of Miami </FONT> </P> <P> <FONT SIZE="3"> "<I>ValueCalc <B>offers the best capability for classroom work with interest-rate and exotic derivatives of any software in the student price range. It's a professional/commercial-style package for the academic market. I am very impressed with FinSoft's continuous effort to add new valuation and risk management features in order to stay abreast of new products and techniques." </I>"<BR> James V. Jordan, Professor of Finance,<BR> School of Business and Public Management, The George Washington University </FONT> </P> <P> <FONT SIZE="3"> "<I>ValueCalc offers an <B>impressive array of analytical screens and Excel add-in functions</B> which many finance professionals will find very useful.</I>"<BR> Robert R. Levine, Vice President and Treasurer,<BR> Sallie Mae </FONT> </P> <P> <FONT SIZE="3"> "<I>ValueCalc offers a <B>powerful set of analytical and graphing functions</B>.</I>"<BR> Miles Livingston, Professor of Finance,<BR> School of Business, University of Florida </FONT> </P> <P> <FONT SIZE="3"> "<I>ValueCalc's <B>easy-to-use</B> software, technical notes, and case studies will find application in a wide range of courses and research projects beyond the areas of derivatives and risk management. Combined with a <B>low academic price</B>, it is a <B>great value</B>.</I>"<BR> Robert Mackay, Professor of Finance and Director,<BR> Futures and Options Center, Virginia Tech </FONT> </P> <HR> <CENTER><A HREF="mailto:[email protected]">[email protected]</A></CENTER> </BODY> </HTML>