Praise for Fourth Edition of Cost of Capital Workbook andTechnical Supplement "Pratt and Grabowski went the extra mile to supplement theirmagnum opus by providing this Workbook and Technical Supplement. Asa finance professor for many years, I know from experience thatstudents and teachers really value supplements to textbooks. Itallows the teacher to help the student to review and apply what waspresented in the text, and the PowerPoints are a great service toteachers in course preparation. The website provides ...
Praise for Fourth Edition of Cost of Capital Workbook andTechnical Supplement "Pratt and Grabowski went the extra mile to supplement theirmagnum opus by providing this Workbook and Technical Supplement. Asa finance professor for many years, I know from experience thatstudents and teachers really value supplements to textbooks. Itallows the teacher to help the student to review and apply what waspresented in the text, and the PowerPoints are a great service toteachers in course preparation. The website provides variousworksheets that show the inner workings of the models. Ienthusiastically recommend the Workbook and TechnicalSupplement to finance professors and teachers and theirstudents. -- Daniel L. McConaughy , PhD, ASA, Professor of Finance, California State University, Northridge, Valuation Services, CroweHorwath LLP "The Workbook and Technical Supplement provides adetailed tutorial on understanding and executing the theoreticalconcepts explained in the Fourth Edition. This supplement is threebooks in one. Part One is a step-by-step tutorial on estimatingcertain key components of the cost of equity capital. Part Twoprovides a bridge between the theory and some practicalapplications, such as estimating the cost of capital for realproperty. Parts Three and Four allow the readers to test theircomprehension of the concepts and identify areas for a review. Itis almost as good as having Professors Pratt and Grabowski lookingover your shoulder to ensure that one is both comprehending andcorrectly implementing the complex concepts.." -- Ashok Abbott , PhD, Associate Professor of Finance, College of Business & Economics, West Virginia University "This text provides the most comprehensive coverage of cost ofcapital issues that I have seen to date. Messrs. Pratt andGrabowski have created a very accessible and lucid treatment ofwhat most would consider an opaque subject. The FourthEdition is especially important for its new topics as well asexpanded coverage of concepts from earlier editions. Of particularinterest is the review of the extreme market conditions during the2008-2009 crisis and the effect that the unprecedentedvolatility had on traditional cost of capital models. For years, Pratt and Grabowski's research has informed the business valuationcurriculum of the American Society of Appraisers. This book will beadded to our reading list, and thousands of students worldwide willbenefit from the state?of?the?art content of the FourthEdition and the companion Workbook and TechnicalSupplement . Furthermore, Cost of Capital, Fourth Edition shouldbe a mandatory part of every valuation practitioner's library. Ifyou buy this book, you can expect it to become well worn and remainon your desk within arm's length until the publication of the Fifth Edition ." -- John Barton , ASA, CPA, Chairman, Business ValuationCommittee, ASA "Cost of capital is so much more complex than it used to be.With so many additional considerations regarding each variable ofthe cost of capital formula, this book is a must for anyone thatneeds to understand or develop a discount rate. Even the mostexperienced practitioner will benefit from the outstanding work ofPratt and Grabowski. This book has to become part of yourlibrary." -- Gary R. Trugman , CPA/ABV, MCBA, ASA, MVS, President, Trugman Valuation Associates, Inc.
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