Cost of capital: workbook and technical supplement
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Hoboken, NJ
Wiley
2011
|
| Edition: | 4. ed. |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XXX, 255 S. graph. Darst. |
| ISBN: | 9780470476062 0470476060 |
Staff View
MARC
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| 245 | 1 | 0 | |a Cost of capital |b workbook and technical supplement |c Shannon P. Pratt ; Roger J. Grabowski |
| 250 | |a 4. ed. | ||
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Record in the Search Index
| _version_ | 1804142945548369920 |
|---|---|
| adam_text | Contents
Preface
ix
About the Author
xi
Acknowledgments
xix
Notation System and Abbreviations Using in This Book
xxi
PARTONS
Technical Supplement—Supplements to Chapters of
Cost of Capital: Applications and Examples, 4th
ed.
CHAPTER
1
Alternative Net Cash Flow Delinitions
—
Supplement to Chapter
З З
Introduction
3
Equity Cash Flow Method
3
Invested Capital Method
4
Capital Cash Flow Method
5
Adjusted Present Value Method
7
Residual Income Method
0
CHAPTER
2
Examples of Computing OLS Beta, Sum
Beta, ami
rtll Information)
Beta Estimates—Supplement to Chapter
10
i u
Introduction
10
Computing OLS and Sum Beta Estimates- An Example
11
Computing Full-Information Beta Estimate
—
An Example
15
CHAPTER
3
Estimating Beta: Interpreting Regression
Statistics
—
Supplement to Chapter
10 22
Introduction
22
Evaluating Beta Estimation Output
25
Evaluating Regression Output
26
CHAPTER
4
Example of Computing Downside Beta Estimates
—
Supplement to Chapter
12 31
Introduction
31
Computing Downside Beta Estimates
31
CHAPTERS
Iterative Process Using CAPM to Calculate the Cost of Equity
Component of the Weighted Average Cost of Capital When
Capital Structure Is Constant—Supplement to Chapter
18 34
Introduction
35
Capital Asset Pricing Model and Beta
35
Solution: The Iterative Process
36
Iterative Process Using a Financial Spreadsheet Model
39
Summary
48
Additional Reading
48
CHAPTER
6
Iterative Process Using CAPM to Calculate the Cost of Equity
Component of the Weighted Average Cost of Capital When
Capital Structure Is Changing—Supplement to Chapter
18 49
Introduction
49
Assumptions Inherent in Weighted Average Cost of Capital
50
Solution: Iterative Process with Changing Capital Structure
50
Iterative Process Using Financial Spreadsheet Model
52
Equity Value
60
Summary
62
Additional Reading
62
CHAPTER
7
Cost of Capital and the Valuation of Worthless Stock—Supplement
to Chapter
16 63
Introduction
64
Liquidating Value
64
Potential Value
66
Example
67
Possibility That Value of the Business Enterprise Exceeds
the Face Value of Debt
—
Pricing Equity as a Call Option
67
Potential Future Value: Probability That Business
Enterprise Exceeds Face Value of Debt
73
Additional Considerations
77
Summary
79
PART TWO
Technical Supplement—
Specific
Applications oi Cost
oí
Capital
CHAPTER
8
Cost oi Capital of Private investment Company Interests
83
Introduction
83
The Private Investment Company
84
Relationships between Time to a Liquidity Event and Value
85
Lack of Control
89
Lack of Marketability or Illiquidity
93
Example Valuation of PIC Interest
99
Summary
105
CHAPTER
9
Cost of Capital of Real Property—Individual Assets
107
Introduction
107
Typical Structure of a Real Estate Transaction
108
Real Property Competes with Other Asset Classes
109
Direct Capitalization Method 111
Discounted Cash Flow Method
125
Estimating the Property Discount Rate
126
Summary
130
Appendix 9A: Valuing Real Property 1
31
CHAPTER
10
Cost of Capital of Real Estate Entities
í
Ш
Introduction
í
39
Definition of a Real Estate Entity
140
Measuring Net Cash Flow for Real Estate Entities
153
Valuation of Real Estate Entities
154
Summary
175
Additional Reading
176
Appendix
1
0A: Valuing Real Estate Entities
177
PART THREE
Learning Objectives, Questions, and Problems
185
PART FOUR
Answers and Solutions
227
Index
247
|
| any_adam_object | 1 |
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| dewey-full | 658.152 |
| dewey-hundreds | 600 - Technology (Applied sciences) |
| dewey-ones | 658 - General management |
| dewey-raw | 658.152 |
| dewey-search | 658.152 |
| dewey-sort | 3658.152 |
| dewey-tens | 650 - Management and auxiliary services |
| discipline | Wirtschaftswissenschaften |
| edition | 4. ed. |
| format | Book |
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| id | DE-604.BV036456313 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T22:39:50Z |
| institution | BVB |
| isbn | 9780470476062 0470476060 |
| language | English |
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| physical | XXX, 255 S. graph. Darst. |
| publishDate | 2011 |
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| publisher | Wiley |
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| spelling | Pratt, Shannon P. 1933-2021 Verfasser (DE-588)142483109 aut Cost of capital workbook and technical supplement Shannon P. Pratt ; Roger J. Grabowski 4. ed. Hoboken, NJ Wiley 2011 XXX, 255 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Kostenschätzungsmodell (DE-588)4213701-9 gnd rswk-swf Unternehmensbewertung (DE-588)4078594-4 gnd rswk-swf Kapitalkosten (DE-588)4135348-1 gnd rswk-swf Kapitalkosten (DE-588)4135348-1 s Kostenschätzungsmodell (DE-588)4213701-9 s Unternehmensbewertung (DE-588)4078594-4 s DE-604 Grabowski, Roger J. Verfasser aut Digitalisierung UB Passau application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=020328298&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Pratt, Shannon P. 1933-2021 Grabowski, Roger J. Cost of capital workbook and technical supplement Kostenschätzungsmodell (DE-588)4213701-9 gnd Unternehmensbewertung (DE-588)4078594-4 gnd Kapitalkosten (DE-588)4135348-1 gnd |
| subject_GND | (DE-588)4213701-9 (DE-588)4078594-4 (DE-588)4135348-1 |
| title | Cost of capital workbook and technical supplement |
| title_auth | Cost of capital workbook and technical supplement |
| title_exact_search | Cost of capital workbook and technical supplement |
| title_full | Cost of capital workbook and technical supplement Shannon P. Pratt ; Roger J. Grabowski |
| title_fullStr | Cost of capital workbook and technical supplement Shannon P. Pratt ; Roger J. Grabowski |
| title_full_unstemmed | Cost of capital workbook and technical supplement Shannon P. Pratt ; Roger J. Grabowski |
| title_short | Cost of capital |
| title_sort | cost of capital workbook and technical supplement |
| title_sub | workbook and technical supplement |
| topic | Kostenschätzungsmodell (DE-588)4213701-9 gnd Unternehmensbewertung (DE-588)4078594-4 gnd Kapitalkosten (DE-588)4135348-1 gnd |
| topic_facet | Kostenschätzungsmodell Unternehmensbewertung Kapitalkosten |
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