03075nam 2200769 a 450 991097013810332120200520144314.097866111209869781281120984128112098797898127083739812708375(CKB)1000000000334199(EBL)312318(OCoLC)476099645(SSID)ssj0000258268(PQKBManifestationID)11210576(PQKBTitleCode)TC0000258268(PQKBWorkID)10256442(PQKB)10699685(PQKBManifestationID)16032599(PQKB)21496375(MiAaPQ)EBC312318(WSP)00006204(Au-PeEL)EBL312318(CaPaEBR)ebr10188774(CaONFJC)MIL112098(Perlego)848782(FR-PaCSA)10208946(FRCYB10208946)10208946(EXLCZ)99100000000033419920061101d2007 uy 0engurcn|||||||||txtccrA theory of the firm's cost of capital how debt affects the firm's risk, value, tax rate, and the government's tax claim /Ramesh K.S. Rao, Eric C. Stevens1st ed.Hackensack, NJ World Scientificc20071 online resource (105 p.)Description based upon print version of record.9789812569493 9812569499 Includes bibliographical references (p. 85-88) and index.Introduction -- Model setting -- Distributional assumptions -- Model solution procedure -- Discussion of results -- Extension to s x s states -- Numerical illustration -- Conclusion.The cost of capital concept has myriad applications in business decision-making. The standard methodology for deriving cost of capital estimates is based on the seminal Modigliani-Miller analyses. This book generalizes this framework to include non-debt tax shields (e.g., depreciation), interactions between the borrowing rate and tax shields, and default considerations. It develops several new results and shows how better cost of capital and marginal tax rate estimates can be generated. The book's unified cost of capital theory is discussed with comprehensive numerical examples and graphicalCorporationsFinanceCapital costsCorporate debtCapital assets pricing modelFinancial leverageCorporationsFinance.Capital costs.Corporate debt.Capital assets pricing model.Financial leverage.338.6/04101Rao Ramesh K. S107599Stevens Eric C.1962-1797666MiAaPQMiAaPQMiAaPQBOOK9910970138103321A theory of the firm's cost of capital4340072UNINA