Cost of Capital : Applications and Examples / Shannon P. Pratt, Roger J. Grabowski.

A one-stop shop for background and current thinking on the development and uses of rates of return on capital Completely revised for this highly anticipated fifth edition, Cost of Capital contains expanded materials on estimating the basic building blocks of the cost of equity capital, the risk-free...

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Bibliographic Details
Main Author: Pratt, Shannon P.
Other Authors: Grabowski, Roger J.
Format: eBook
Language:English
Published: Hoboken, New Jersey : Wiley, ©2014.
©2014
Edition:5th ed.
Series:Wiley finance series.
Subjects:
Online Access:Click for online access

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049 |a HCDD 
100 1 |a Pratt, Shannon P. 
245 1 0 |a Cost of Capital :  |b Applications and Examples /  |c Shannon P. Pratt, Roger J. Grabowski. 
250 |a 5th ed. 
260 |a Hoboken, New Jersey :  |b Wiley,  |c ©2014. 
264 4 |c ©2014 
300 |a 1 online resource (xxxii, 1312 pages). 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
490 1 |a [Wiley finance] 
504 |a Includes bibliographical references and index. 
588 0 |a Online resource; title from PDF title page (Wiley, viewed April 24, 2014). 
505 0 |a Cost of Capital: Applications and Examples; Contents; About the Authors; Foreword; Preface; Acknowledgments; Part One: Cost of Capital Basics; Chapter 1: Defining Cost of Capital; Introduction; Components of a 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; 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; Standard (Basis) of Value; Summary. 
505 8 |a Chapter 2: Introduction to Cost of Capital Applications: Valuation, Project Selection, and RatemakingIntroduction; 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, and Capital Budgeting Projects; Applications in Ratemaking; Summary; Chapter 3: Net Cash Flow: The Preferred Measure of Economic Income; Introduction; Defining Net Cash Flow; Net Cash Flow to Common Equity Capital; Net Cash Flow to Invested Capital. 
505 8 |a Net Cash Flows Should Be Probability-weighted Expected ValuesWhy Net Cash Flow Is the Preferred Measure of Economic Income; Summary; Additional Reading; Appendix 3A: Alternative Measures of Economic Income; Introduction; Capital Cash Flow; Adjusted Present Value; Residua l Income; 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. 
505 8 |a Criticisms of the Gordon Growth ModelCombining Discounting and Capitalizing; Two-stage Model; Three-stage Model; Three-stage Model with Gradual Change in Growth; Equivalency of Discounting and Capitalizing Models; Summary; Appendix 4A: Equivalency of Capitalizing Residual Income; Chapter 5: Discounting-Beyond the Basics; Introduction; Midyear Convention; Midyear Discounting Convention; Midyear Capitalization Convention; Midyear Convention in the Two-stage Model; Seasonal Businesses; Matching Projection Periods to Financial Statement Dates: Partial First Year; Changing Risk over Time. 
505 8 |a Midyear Convention in Two-stage Model with Changing RiskDuration of an Investment; Summary; Chapter 6: Relationship between Risk and the Cost of Capital; Introduction; Defining Risk; How Risk Affects the Cost of Capital; Valuation of Risky Net Cash Flows; Risk Aversion versus Risk Neutrality; Market Returns Increase as Risk Increases by Asset Class; Types of Risk; Maturity Risk; Market Risk; Company-specific Risk; Liquidity and Marketability Risk; Measuring Riskiness of Net Cash Flows; ASC 820 Fair Value Measurement: Cash Flows and Present Value Discount Rates; Summary. 
500 |a Part Two: Estimating the Cost of Equity Capital. 
520 |a A one-stop shop for background and current thinking on the development and uses of rates of return on capital Completely revised for this highly anticipated fifth edition, Cost of Capital contains expanded materials on estimating the basic building blocks of the cost of equity capital, the risk-free rate, and equity risk premium. There is also discussion of the volatility created by the financial crisis in 2008, the subsequent recession and uncertain recovery, and how those events have fundamentally changed how we need to interpret the inputs to the models we use to develop the. 
588 0 |a Print version record. 
546 |a English. 
506 1 |a Legal Deposit;  |c Only available on premises controlled by the deposit library and to one user at any one time;  |e The Legal Deposit Libraries (Non-Print Works) Regulations (UK).  |5 WlAbNL 
540 |a Restricted: Printing from this resource is governed by The Legal Deposit Libraries (Non-Print Works) Regulations (UK) and UK copyright law currently in force.  |5 WlAbNL 
650 0 |a Valuation. 
650 0 |a Private companies  |x Valuation. 
650 0 |a Capital investments. 
650 0 |a Evaluation. 
650 7 |a appraisals (financial records)  |2 aat 
650 7 |a BUSINESS & ECONOMICS  |x Industrial Management.  |2 bisacsh 
650 7 |a BUSINESS & ECONOMICS  |x Management.  |2 bisacsh 
650 7 |a BUSINESS & ECONOMICS  |x Management Science.  |2 bisacsh 
650 7 |a BUSINESS & ECONOMICS  |x Organizational Behavior.  |2 bisacsh 
650 7 |a Evaluation  |2 fast 
650 7 |a Capital investments  |2 fast 
650 7 |a Private companies  |x Valuation  |2 fast 
650 7 |a Valuation  |2 fast 
650 7 |a Finance.  |2 hilcc 
650 7 |a Business & Economics.  |2 hilcc 
650 7 |a Financial Management & Planning.  |2 hilcc 
700 1 |a Grabowski, Roger J. 
758 |i has work:  |a Cost of Capital (Text)  |1 https://id.oclc.org/worldcat/entity/E39PCGPGwXxxXGFwcpRKhjG8md  |4 https://id.oclc.org/worldcat/ontology/hasWork 
776 0 8 |i Print version:  |a Pratt, Shannon P.  |t Cost of Capital.  |b 5th ed.  |d Hoboken, New Jersey : Wiley, ©2014  |z 9781118846780  |w (OCoLC)874119020 
830 0 |a Wiley finance series. 
856 4 0 |u https://ebookcentral.proquest.com/lib/holycrosscollege-ebooks/detail.action?docID=1652941  |y Click for online access 
903 |a EBC-AC 
994 |a 92  |b HCD