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010   $a1-281-12098-7
010   $a9786611120986
010   $a981-270-837-5
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100   $a20061101d2007      uy         0
101 0 $aeng
135   $aurcn|||||||||
181   $ctxt
182   $cc
183   $acr
200 12$aA theory of the firm's cost of capital $ehow debt affects the firm's risk, value, tax rate, and the government's tax claim /$fRamesh K.S. Rao, Eric C. Stevens
205   $a1st ed.
210   $aHackensack, NJ $cWorld Scientific$dc2007
215   $a1 online resource (105 p.)
300   $aDescription based upon print version of record.
311   $a981-256-949-9 
320   $aIncludes bibliographical references (p. 85-88) and index.
327   $aIntroduction -- Model setting -- Distributional assumptions -- Model solution procedure -- Discussion of results -- Extension to s x s states -- Numerical illustration -- Conclusion.
330   $aThe 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 graphical
606   $aCorporations$xFinance
606   $aCapital costs
606   $aCorporate debt
606   $aCapital assets pricing model
606   $aFinancial leverage
615  0$aCorporations$xFinance.
615  0$aCapital costs.
615  0$aCorporate debt.
615  0$aCapital assets pricing model.
615  0$aFinancial leverage.
676   $a338.6/04101
700   $aRao$b Ramesh K. S$0107599
701   $aStevens$b Eric C.$f1962-$01623327
801  0$bMiAaPQ
801  1$bMiAaPQ
801  2$bMiAaPQ
906   $aBOOK
912   $a9910823064003321
996   $aA theory of the firm's cost of capital$93957675
997   $aUNINA