The Lawyer's Guide to Cost of Capital: Understanding Risk and Return for Valuing Businesses and Other Investments

    By Shannon Pratt and Roger J Grabowski

    The Lawyer's Guide to Cost of Capital: Understanding Risk and Return for Valuing Businesses and Other Investments

    The Lawyer's Guide to Cost of Capital: Understanding Risk and Return for Valuing Businesses and Other Investments

    By Shannon Pratt and Roger J Grabowski

    2014, 598 pages, 7 x 10, Paperback, PC 5130205

    Cost of capital is an essential aspect of the valuation of business interests, particularly in closely held entities. Providing attorneys, judges, and valuation experts with the most comprehensive survey of cost of capital case law across jurisdictions and venues, this is a comprehensive sourcebook for understanding the basis of a business valuation and for background in examining and cross-examining expert witnesses.

    The Lawyer's Guide to Cost of Capital: Understanding Risk and Return for Valuing Businesses and Other Investments

    By Shannon Pratt and Roger J Grabowski

    The Lawyer's Guide to Cost of Capital: Understanding Risk and Return for Valuing Businesses and Other Investments

    The Lawyer's Guide to Cost of Capital: Understanding Risk and Return for Valuing Businesses and Other Investments

    By Shannon Pratt and Roger J Grabowski

    2014, 598 pages, ebook, PC 5130205EBK

    Cost of capital is an essential aspect of the valuation of business interests, particularly in closely held entities. Providing attorneys, judges, and valuation experts with the most comprehensive survey of cost of capital case law across jurisdictions and venues, this is a comprehensive sourcebook for understanding the basis of a business valuation and for background in examining and cross-examining expert witnesses.
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    Cost of capital is arguably the most important concept in all of finance, as it is the expected rate of return that market participants require to attract funds to an investment. The cost of capital estimate is the essential link that enables a business to convert a stream of expected income into an estimate of present value. It is a matter frequently litigated in the Federal Courts and the Delaware Court of Chancery, as well as in state courts nationwide.

    The Lawyer’s Guide to the Cost of Capital provides the most comprehensive survey of cost of capital case law across jurisdictions and venues. Cost of capital is a key topic in the valuation of business interests, particularly interests in closely held entities, and it offers attorneys, judges, and valuation experts with a comprehensive sourcebook for understanding the basis of a business valuation and for background in examining and cross-examining expert witnesses.

    Part 1 explains the concept of “cost of capital” in a manner that is logical and understandable. In the book’s first ten chapters, the authors present the basics of the cost of capital in almost any situation, with topics that include valuing equity versus invested capital, net cash flow, discounting and capitalizing, estimating the cost of equity capital, adjusting a discount or capitalization rate for another economic income measure, weighted averages, excess earnings method of valuation, and handling discounts for lack of marketability and liquidity.

    Part II considers specific legal and economic contexts in which the cost of capital is a significant factor, including:

    • Family law
    • Estate planning
    • Corporate restructuring
    • Federal taxation
    • Damage claims
    • Intellectual property disputes
    • Bankruptcy
    • Appraisal and fairness cases
    • Regulated industries
    • Ad valorem taxation

    In Part III, the authors provide information for understanding and evaluating an expert’s report, presenting frequently encountered errors in valuation reports and providing key questions to ask when examining witnesses in litigation.

    Product Details

    Sponsors

    Section of Family Law

    Publishers

    ABA Book Publishing

    ISBN

    9781627227230

    Page Count

    598

    Product Code

    5130205

    Trim Size

    7 x 10 Paperback

    Publication Date

    8/22/2014 12:00:00 AM

    Sponsors

    Section of Family Law

    Publishers

    ABA Book Publishing

    ISBN

    9781627227247

    Page Count

    598

    Product Code

    5130205EBK

    Trim Size

    7 x 10

    Publication Date

    8/22/2014 12:00:00 AM

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