This text on the cost of capital includes: analysis and implementation of the procedures for valuing a business; an explanation of intricate issues; the necessary data for borrowing money; the rates and discount rates needed to value a company; and coverage of discount and capitalization.
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In Cost of Capital: Estimation and Applications, Shannon Pratt addresses the most controversial issues and thorny problems in estimating the cost of capital. In a clear, concise, and easily understandable manner, he tackles all of the problems in calculating rates of return, and offers sensible, well-thought-out solutions that apply to small business and midsize companies as well as multibillion-dollar corporations.
SHANNON P. PRATT, PhD, is a founder and Managing Director of Willamette Management Associates, one of the oldest and largest independent valuation consulting, economic analysis, and financial advisory firms, with offices in principal cities across the United States. Over a distinguished career of more than three decades, he has performed valuation engagements for M&A, ESOPs, and numerous other purposes. He has testified in a wide variety of federal and state courts across the country and frequently participates in arbitration and mediation proceedings. Dr. Pratt is one of the most successful and respected authors in his field. He is coauthor of several industry standards, including Valuing a Business and Valuing Small Businesses and Professional Practices. He is also Editor-in-Chief of Shannon Pratt's Business Valuation Updates, the primary monthly newsletter in the field of business valuation.
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