"Numbers make figures lie and liars figure". Do the math any way you want, but it is a fantastic deal. You can say that you bought a five year subscription and got the book for free, or you can say you bought the book and got a five year subscription free. I like to say I got the book free since I enjoy paying for FTJ. It's, in my opinion, the best out there with the least amount of fluff. More practical ties, and less flies with materials that can only be found in some swamp in Upper Volta.
Just my two wheat pennies worth.
I tie flies to give the fish something to laugh about.
I tie flies so the fish have something to laugh about!