LEADER 05277nam 2200697Ia 450 001 9910821675403321 005 20200520144314.0 010 $a1-281-28451-3 010 $a9786611284510 010 $a0-470-22371-5 035 $a(CKB)1000000000413678 035 $a(EBL)335716 035 $a(OCoLC)476150280 035 $a(SSID)ssj0000131178 035 $a(PQKBManifestationID)11132580 035 $a(PQKBTitleCode)TC0000131178 035 $a(PQKBWorkID)10018311 035 $a(PQKB)10372205 035 $a(MiAaPQ)EBC335716 035 $a(Au-PeEL)EBL335716 035 $a(CaPaEBR)ebr10295880 035 $a(CaONFJC)MIL128451 035 $a(EXLCZ)991000000000413678 100 $a20070517d2008 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aCost of capital $eapplications and examples /$fShannon P. Pratt, Roger J. Grabowski 205 $a3rd ed. 210 $aHoboken, N.J. $cJohn Wiley & Sons$dc2008 215 $a1 online resource (818 p.) 300 $aPrevious editions had subtitle: Estimation and applications. 311 $a0-470-17115-4 320 $aIncludes bibliographical references (p. 655-681) and index. 327 $aCOST OF CAPITAL: Applications and Examples, Third Edition; Contents; About the Authors; Foreword; Preface; WHAT'S NEW IN THIS EDITION; AUDIENCES FOR THE BOOK; PRACTICAL APPLICATIONS; Acknowledgments; Introduction; PURPOSE AND OBJECTIVE OF THIS BOOK; OVERVIEW; IMPORTANCE OF THE COST OF CAPITAL; COST OF CAPITAL ESSENTIAL IN THE MARKETPLACE; SOUND SUPPORT ESSENTIAL IN THE COURTROOM; ORGANIZATION OF THIS BOOK; SUMMARY; Notation System and Abbreviations Used in This Book; VALUE AT A POINT IN TIME; COST OF CAPITAL AND RATE OF RETURN VARIABLES; INCOME VARIABLES; PERIODS OR VARIABLES IN A SERIES 327 $aWEIGHTINGS GROWTH; MATHEMATICAL FUNCTIONS; NOTATION FOR REAL PROPERTY VALUATION (CHAPTER 36); ABBREVIATIONS; Part 1: Cost of Capital Basics; Chapter 1: Defining Cost of Capital; INTRODUCTION; COMPONENTS OF A COMPANY'S CAPITAL STRUCTURE; COST OF CAPITAL IS A FUNCTION OF THE INVESTMENT; COST OF CAPITAL IS FORWARD LOOKING; COST OF CAPITAL IS BASED ON MARKET VALUE, NOT BOOK VALUE; COST OF CAPITAL IS USUALLY STATED IN NOMINAL TERMS; COST OF CAPITAL EQUALS THE DISCOUNT RATE; DISCOUNT RATE IS NOT THE SAME AS CAPITALIZATION RATE; SUMMARY 327 $aChapter 2: Introduction to Cost of Capital Applications: Valuation and Project Selection INTRODUCTION; NET CASH FLOW IS THE PREFERRED ECONOMIC INCOME MEASURE; COST OF CAPITAL IS THE PROPER DISCOUNT RATE; PRESENT VALUE FORMULA; EXAMPLE: VALUING A BOND; APPLICATIONS TO BUSINESSES, BUSINESS INTERESTS, PROJECTS, AND DIVISIONS; SUMMARY; Chapter 3: Net Cash Flow: Preferred Measure of Economic Income; INTRODUCTION; DEFINING NET CASH FLOW; NET CASH FLOWS SHOULD BE PROBABILITY-WEIGHTED EXPECTED VALUES; WHY NET CASH FLOW IS THE PREFERRED MEASURE OF ECONOMIC INCOME; RESIDUAL EARNINGS; SUMMARY 327 $aADDITIONAL READING Chapter 4: Discounting versus Capitalizing; INTRODUCTION; CAPITALIZATION FORMULA; EXAMPLE: VALUING A PREFERRED STOCK; FUNCTIONAL RELATIONSHIP BETWEEN DISCOUNT RATE AND CAPITALIZATION RATE; MAJOR DIFFERENCE BETWEEN DISCOUNTING AND CAPITALIZING; CONSTANT GROWTH OR GORDON GROWTH MODEL; COMBINING DISCOUNTING AND CAPITALIZING (TWO-STAGE MODEL); EQUIVALENCY OF DISCOUNTING AND CAPITALIZING MODELS; MIDYEAR CONVENTION; MATCHING PROJECTION PERIODS TO FINANCIAL STATEMENTS: PARTIAL FIRST YEAR; CAPITALIZING RESIDUAL EARNINGS; SUMMARY 327 $aChapter 5: Relationship between Risk and the Cost of Capital INTRODUCTION; DEFINING RISK; HOW RISK IMPACTS THE COST OF CAPITAL; TYPES OF RISK; COST OF EQUITY CAPITAL; COST OF INVESTED CAPITAL OR OVERALL COST OF CAPITAL; SUMMARY; Chapter 5A: FASB's Concepts Statement No. 7: Cash Flows and Present Value Discount Rates; Chapter 6: Cost Components of a Company's Capital Structure; INTRODUCTION; DEBT CAPITAL; PREFERRED EQUITY; CONVERTIBLE DEBT AND PREFERRED EQUITY; EMPLOYEE STOCK OPTIONS; COMMON EQUITY; SUMMARY; Part 2: Estimating the Cost of Equity Capital and the Overall Cost of Capital 327 $aChapter 7: Build-up Method 330 $aIn this long-awaited Third Edition of Cost of Capital: Applications and Examples, renowned valuation experts and authors Shannon Pratt and Roger Grabowski address the most controversial issues and problems in estimating the cost of capital. This authoritative book makes a timely and significant contribution to the business valuation body of knowledge and is an essential part of the expert's library. 606 $aCapital investments 606 $aBusiness enterprises$xValuation 606 $aCapital investments$zUnited States 606 $aBusiness enterprises$xValuation$zUnited States 615 0$aCapital investments. 615 0$aBusiness enterprises$xValuation. 615 0$aCapital investments 615 0$aBusiness enterprises$xValuation 676 $a658.15/2 700 $aPratt$b Shannon P$0116635 701 $aGrabowski$b Roger J$0925460 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910821675403321 996 $aCost of capital$92078064 997 $aUNINA