Proven, practical techniques for estimating the cost of
"I would recommend Cost of Capital and the companion Cost of
Capital Workbook as excellent tools for passing the various
professional exams that lead to valuation accreditations and
-James R. Hitchner, Phillips Hitchner Group, Inc., Atlanta,
"As a discussion leader for the AICPA ABV exam review course, this
set of questions is perfect for people to use for practice for that
exam and others (ASA and NACVA from my experience), for that
matter. The mix of formats, including exercises, is great."
-Ronald L. Seigneur, Seigneur & Company, PC, CPAs, Lakewood,
"The exercises are particularly good."
-Stephen J. Bravo, Apogee Business Valuations, Framingham,
Cost of capital estimation has long been recognized as one of the
most critical elements in business valuation, capital budgeting,
feasibility studies, and corporate finance decisions-it is also,
however, one of the most difficult procedures to perform and
assess. The Cost of Capital Workbook will help financial officers
of small, midsize, and even multibillion dollar companies estimate
required rates of return and tackle the myriad issues associated
with cost of capital. It will also help business valuation
professionals of all levels to gain a greater understanding of cost
of capital concepts and procedures.
Using hands-on exercises designed to implement procedures described
in Cost of Capital, Second Edition, the Cost of Capital Workbook
provides a deeper understanding of cost of capital problems by
offering a practical experience in applying solutions. The Workbook
includes multiple choice, true or false, and fill-in-the-blank
questions as well as:
* Exercises estimating cost of capital by the build-up model and
the Capital Asset Pricing Model
* Exercises using Ibbotson Associates' Stocks, Bonds, Bills, and
Inflation Valuation Edition Yearbook
* Applications using discounted cash flow (DCF) methods, based on
forecasted earnings and cash flows
* Examples covering valuing a business by both equity and invested
capital procedures, making project selections, and utility-rate
* Numerous exercises using Ibbotson data from the Cost of Capital
Business appraisers, corporate finance officers, CPAs, and
attorneys will find the Cost of Capital Workbook an indispensable
guide to the effective estimation and application of cost of
John Wiley & Sons
|Country of origin:
Shannon P Pratt
||Electronic book text
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