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Cost of Capital: Applications and Examples, + Website, 5th Edition
Your one-stop shop for background and current thinking on the development and uses of rates of return on capital. The book contains expanded materials on estimating the basic building blocks of the cost of equity capital, the risk-free rate, and equity risk premium.

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This publication is a one-stop shop for background and current thinking on the development and uses of rates of return on capital.

Completely revised for this highly anticipated fifth edition, Cost of Capital: Applications and Examples, + Website, 5th Edition contains expanded materials on estimating the basic building blocks of the cost of equity capital, the risk-free rate, and equity risk premium. There is also discussion of the volatility created by the financial crisis in 2008, the subsequent recession and uncertain recovery, and how those events have fundamentally changed how we need to interpret the inputs to the models we use to develop these estimates.

The book includes new case studies providing comprehensive discussion of cost of capital estimates for valuing a business and damages calculations for small and medium-sized businesses, cross-referenced to the chapters covering the theory and data.

  • Addresses equity risk premium and the risk-free rate, including the impact of Federal Reserve actions
  • Explores how to use Morningstar's Ibbotson and Duff Phelps Risk Premium Report data
  • Discusses the global cost of capital estimation, including a new size study of European countries

Cost of Capital: Applications and Examples, + Website, 5th Edition puts an emphasis on practical application. To that end, this updated edition provides readers with exclusive access to a companion website filled with supplementary materials, allowing you to continue to learn in a hands-on fashion long after closing the book.

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Author(s)

Richard Brealey (Foreword by)

Roger J. Grabowski

Shannon P. Pratt

Publisher

John Wiley and Sons

Wiley, a global company, helps people and organizations develop the skills and knowledge they need to succeed. Our online scientific, technical, medical, and scholarly journals, combined with our digital learning, assessment and certification solutions help universities, learned societies, businesses, governments and individuals increase the academic and professional impact of their work. For more than 200 years, we have delivered consistent performance to our stakeholders. The Company's website can be accessed at www.wiley.com

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