By Shannon P. Pratt
Praise for Fourth variation of fee of Capital Workbook and Technical Supplement
"Pratt and Grabowski went the additional mile to complement their magnum opus via delivering this Workbook and Technical complement. As a finance professor for a few years, i do know from adventure that scholars and lecturers particularly price supplementations to textbooks. It permits the trainer to aid the scholar to study and practice what used to be awarded within the textual content, and the PowerPoints are an exceptional carrier to lecturers in path practise. the web site offers numerous worksheets that express the internal workings of the types. I enthusiastically suggest the Workbook and Technical Supplement to finance professors and academics and their students.
—Daniel L. McConaughy, PhD, ASA, Professor of Finance, California kingdom collage, Northridge, Valuation companies, Crowe Horwath LLP
"The Workbook and Technical Supplement presents a close instructional on knowing and executing the theoretical suggestions defined within the Fourth variation. This complement is 3 books in a single. half One is a step by step instructional on estimating convinced key elements of the price of fairness capital. half presents a bridge among the idea and a few useful functions, similar to estimating the price of capital for genuine estate. elements 3 and 4 enable the readers to check their comprehension of the recommendations and establish components for a assessment. it's nearly nearly as good as having Professors Pratt and Grabowski taking a look over your shoulder to make sure that one is either comprehending and properly imposing the advanced concepts.."
—Ashok Abbott, PhD, affiliate Professor of Finance, university of commercial & Economics, West Virginia University
"This textual content presents the main complete insurance of expense of capital matters that i've got visible to this point. Messrs. Pratt and Grabowski have created a truly obtainable and lucid therapy of what such a lot may give some thought to an opaque topic. The Fourth Edition is mainly very important for its new themes in addition to multiplied insurance of strategies from prior versions. Of specific curiosity is the evaluate of the intense marketplace stipulations through the 2008–2009 drawback and the impression that the remarkable volatility had on conventional price of capital versions. For years, Pratt and Grabowski's examine has proficient the company valuation curriculum of the yankee Society of Appraisers. This e-book should be extra to our analyzing record, and hundreds of thousands of scholars world wide will enjoy the state?of?the?art content material of the Fourth Edition and the better half Workbook and Technical Supplement. moreover, price of Capital, Fourth version can be a compulsory a part of each valuation practitioner's library. if you are going to buy this ebook, you could anticipate it to develop into good worn and stay in your table inside arm's size till the e-book of the Fifth Edition."
—John Barton, ASA, CPA, Chairman, enterprise Valuation Committee, ASA
"Cost of capital is much more advanced than it was. With such a lot of extra issues concerning each one variable of the price of capital formulation, this ebook is a needs to for somebody that should comprehend or boost a chit cost. Even the main skilled practitioner will enjoy the impressive paintings of Pratt and Grabowski. This e-book has to develop into a part of your library."
—Gary R. Trugman, CPA/ABV, MCBA, ASA, MVS, President, Trugman Valuation affiliates, Inc.