Cost of Capital: Estimation and Applications (CPA Practice Guide)

Pratt, Shannon P.

ISBN 10: 0471197513 / ISBN 13: 9780471197515

Edité par Wiley, U.S.A., 1998

A propos de cet article

This is a fine, like new, hardcover first edition, 5th printing copy in black binding with silver spine lettering, no DJ. Inscribed by the author on the front flyleaf. N° de réf. du vendeur 071176

Détails bibliographiques

Titre : Cost of Capital: Estimation and Applications...

Éditeur : Wiley, U.S.A.

Date d'édition : 1998

Reliure : Hardcover

Etat : Fine

Etat de la jaquette : No DJ

Signé : Inscribed by Author(s)

Edition : First Edition, Fifth Impression

A propos de ce titre

Synopsis :

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.

Quatrième de couverture:

Cost of capital estimation has long been recognized as the most critical element in business valuation, capital budgeting, feasibility studies, and corporate finance decisions. It is also the most difficult procedure to perform and assess. In Cost of Capital: Estimation and Applications, renowned author and valuation expert 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.

Dr. Pratt lays out the basic tools that anyone can use immediately when estimating cost of capital or reviewing someone else′s estimate. He presents basic theory and explains how it is used in valuation of businesses and business assets, as well as in capital expenditure decision making; and he provides clear explanations for each of the mathematical formulas used. Citing comprehensive sources of information, Pratt also offers clear and complete definitions of all common terminology used in cost of capital estimation. He points out the errors that are common to the process and gives practical advice on how to avoid them when making an estimation and identify them in other people′s work. This remarkable book:

• Describes the development of discount and capitalization rates
• Offers in–depth coverage of valuation and corporate finance applications
• Provides needed data for borrowing money
• Supplies user–friendly models for applications in all contexts.

Cost of Capital combines a state–of–the–art treatise on cost of capital estimation with an accessible introduction for the nonprofessional. It begins with an exposition of basic concepts understandable to the layman and proceeds gradually from simple applications to the more complex procedures commonly found in the marketplace. Generously supplemented with tables, graphical diagrams, and step–by–step examples, this book is an indispensable resource for business appraisers, valuation professionals, consultants attached to accounting firms, and executives who must make important decisions based on their understanding of cost of capital estimations.