By Shannon P. Pratt
Praise for Fourth version of fee of Capital Workbook and Technical Supplement
"Pratt and Grabowski went the additional mile to complement their magnum opus by way of delivering this Workbook and Technical complement. As a finance professor for a few years, i do know from adventure that scholars and lecturers quite price supplementations to textbooks. It permits the instructor to assist the scholar to study and follow what was once offered within the textual content, and the PowerPoints are a superb carrier to lecturers in path coaching. the web site offers a number of worksheets that exhibit the internal workings of the versions. 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 college, Northridge, Valuation providers, Crowe Horwath LLP
"The Workbook and Technical Supplement offers a close educational on figuring out and executing the theoretical options 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 offers a bridge among the speculation and a few sensible functions, akin to estimating the price of capital for actual estate. components 3 and 4 enable the readers to check their comprehension of the ideas and determine components for a overview. it's virtually pretty much as good as having Professors Pratt and Grabowski taking a look over your shoulder to make sure that one is either comprehending and properly enforcing the advanced concepts.."
—Ashok Abbott, PhD, affiliate Professor of Finance, collage of industrial & Economics, West Virginia University
"This textual content presents the main complete assurance of price of capital matters that i've got obvious so far. Messrs. Pratt and Grabowski have created a truly obtainable and lucid therapy of what such a lot might think of an opaque topic. The Fourth Edition is mainly very important for its new themes in addition to improved assurance of options from previous variations. Of specific curiosity is the evaluate of the intense industry stipulations through the 2008–2009 hindrance and the impression that the exceptional volatility had on conventional fee of capital types. For years, Pratt and Grabowski's examine has expert the enterprise valuation curriculum of the yank Society of Appraisers. This e-book may be additional to our analyzing checklist, and hundreds of thousands of scholars all over the world will enjoy the state?of?the?art content material of the Fourth Edition and the significant other Workbook and Technical Supplement. moreover, rate of Capital, Fourth version may be a compulsory a part of each valuation practitioner's library. if you purchase this publication, you could count on it to develop into good worn and stay in your table inside arm's size till the ebook of the Fifth Edition."
—John Barton, ASA, CPA, Chairman, enterprise Valuation Committee, ASA
"Cost of capital is a lot more complicated than it was once. With such a lot of extra concerns concerning each one variable of the price of capital formulation, this ebook is a needs to for somebody that should comprehend or advance a chit price. Even the main skilled practitioner will enjoy the awesome paintings of Pratt and Grabowski. This publication has to turn into a part of your library."
—Gary R. Trugman, CPA/ABV, MCBA, ASA, MVS, President, Trugman Valuation affiliates, Inc.