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

3.25 avg rating
( 4 ratings by Goodreads )
 
9780471197515: Cost of Capital: Estimation and Applications (CPA Practice Guide)

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.

"synopsis" may belong to another edition of this title.

From the Publisher:

Cost of capital refers to the cost of borrowing money for the purpose of raising funds and the effect of that acquired debt on shareholder's or owner's equity. This book develops a more defined method of calculating the true cost of capital with regard to equity valuation.

About the Author:

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.

"About this title" may belong to another edition of this title.

Top Search Results from the AbeBooks Marketplace

1.

Pratt, Shannon P.
Published by Wiley (1998)
ISBN 10: 0471197513 ISBN 13: 9780471197515
New Hardcover Quantity Available: 1
Seller:
Rating
[?]

Book Description Wiley, 1998. Hardcover. Book Condition: New. Dust Jacket Condition: New. Signed. An excellent NEW CONDITION book at a fair price. Signed by author. Dust cover new. Sat on a shelf. Clean, tight, unmarked. Text is excellent. We ship within 24 hours, carefully wrapped. We guarantee your satisfaction. No need to pay more. We sell books from New to Acceptable. We take care to be accurate in our description. Most of our books were gently read and in fine condition. BNCTucsonbooks ships daily. Proceeds from the sales of books support an endowed scholarship to Brandeis University, Waltham Mass. Bookseller Inventory # mon0000062783

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 10.95
Convert Currency

Add to Basket

Shipping: US$ 3.99
Within U.S.A.
Destination, Rates & Speeds

2.

Pratt, Shannon P.
Published by Wiley (1998)
ISBN 10: 0471197513 ISBN 13: 9780471197515
New Hardcover Quantity Available: 2
Seller:
Murray Media
(North Miami Beach, FL, U.S.A.)
Rating
[?]

Book Description Wiley, 1998. Hardcover. Book Condition: New. Never used!. Bookseller Inventory # P110471197513

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 43.48
Convert Currency

Add to Basket

Shipping: US$ 1.99
Within U.S.A.
Destination, Rates & Speeds

3.

Shannon P. Pratt
Published by Wiley (1998)
ISBN 10: 0471197513 ISBN 13: 9780471197515
New Hardcover First Edition Quantity Available: 1
Seller:
Irish Booksellers
(Rumford, ME, U.S.A.)
Rating
[?]

Book Description Wiley, 1998. Hardcover. Book Condition: New. book. Bookseller Inventory # M0471197513

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 60.89
Convert Currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, Rates & Speeds

4.

Shannon P. Pratt
Published by Wiley (1998)
ISBN 10: 0471197513 ISBN 13: 9780471197515
New Hardcover Quantity Available: 1
Seller:
Ergodebooks
(RICHMOND, TX, U.S.A.)
Rating
[?]

Book Description Wiley, 1998. Hardcover. Book Condition: New. 1. Bookseller Inventory # DADAX0471197513

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 77.90
Convert Currency

Add to Basket

Shipping: US$ 4.99
Within U.S.A.
Destination, Rates & Speeds