{"product_id":"9781119367123","title":"2017 Valuation Handbook - U.S. Guide to Cost of Capital","description":"\u003ch3\u003eWiley Finance\u003c\/h3\u003e\u003ch1\u003e2017 Valuation Handbook - U.S. Guide to Cost of Capital\u003c\/h1\u003e\u003ch3\u003eRoger J. Grabowski | Carla Nunes | James P. Harrington | Duff \u0026amp; Phelps\u003c\/h3\u003e\u003cdiv\u003e\u003cb\u003eBusiness \u0026amp; Economics \/ Corporate Finance \/ Valuation\u003c\/b\u003e\u003c\/div\u003e\u003cbr\u003e\u003cdiv\u003e\n\u003cb\u003eEnsure that you're using the most up-to-date data available: Buy the \u003ci\u003e\u003ca href=\"http:\/\/www.wiley.com\/WileyCDA\/WileyTitle\/productCd-1119367166.html\"\u003e2017 Valuation Handbook – U.S. Guide to Cost of Capital + Quarterly PDF Updates\u003c\/a\u003e\u003c\/i\u003e together!\u003cbr\u003e\u003cbr\u003eThe New Industry Standard in Business Valuation Reference Materials\u003cbr\u003e\u003cbr\u003e\u003c\/b\u003e\u003ci\u003e2017 Valuation Handbook – U.S. Guide to Cost of Capital\u003c\/i\u003e provides the key annual valuation data previously published in (i) the now discontinued Morningstar\/Ibbotson \u003ci\u003eSBBI Valuation Yearbook\u003c\/i\u003e (discontinued in 2013), and (ii) the Duff \u0026amp; Phelps Risk Premium Report Study (no longer published as a stand-alone publication).\u003cbr\u003e\u003cbr\u003eThe size premia data previously published in the \u003ci\u003eSBBI Valuation Yearbook\u003c\/i\u003e is referred to as the \"CRSP Deciles Size Premia\" exhibits in the new \u003ci\u003e2017 Valuation Handbook – U.S. Guide to Cost of Capital\u003c\/i\u003e, while the size and risk premia data published in the Duff \u0026amp; Phelps Risk Premium Report\u003ci\u003e \u003c\/i\u003eStudy has been published annually since 1996 and, like the former \u003ci\u003eSBBI Valuation Yearbook\u003c\/i\u003e\u003ci\u003e, \u003c\/i\u003eprovides data and methodology that can be used to develop cost of equity capital estimates using (i) the build-up method and (ii) the capital asset pricing model (CAPM).\u003cbr\u003e\u003cbr\u003eThe \u003ci\u003e2017 Valuation Handbook – U.S. Guide to Cost of Capital\u003c\/i\u003e includes data through December 31, 2016, and is intended to be used for 2017 valuation dates.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eFor more information about Duff \u0026amp; Phelps valuation data resources published by Wiley, please visit \u003ca href=\"http:\/\/www.wiley.com\/go\/valuationhandbooks\"\u003ewww.wiley.com\/go\/valuationhandbooks\u003c\/a\u003e.\u003cbr\u003e\u003cbr\u003e\u003c\/b\u003e\u003cb\u003eAlso Available\u003c\/b\u003e\u003cbr\u003e \u003cul\u003e \u003cli\u003e\u003ca href=\"http:\/\/www.wiley.com\/WileyCDA\/WileyTitle\/productCd-1119366925.html\"\u003e2017 Valuation Handbook – U.S. Industry Cost of Capital\u003c\/a\u003e\u003c\/li\u003e \u003cli\u003e\u003ca href=\"http:\/\/www.wiley.com\/WileyCDA\/WileyTitle\/productCd-1119366763.html\"\u003e2017 Valuation Handbook – International Guide to Cost of Capital\u003c\/a\u003e\u003c\/li\u003e \u003cli\u003e\u003ca href=\"http:\/\/www.wiley.com\/WileyCDA\/WileyTitle\/productCd-1119366739.html\"\u003e2017 Valuation Handbook – International Industry Cost of Capital\u003c\/a\u003e\u003c\/li\u003e \u003c\/ul\u003e \u003cb\u003eKey Features\u003c\/b\u003e\u003cbr\u003e \u003cul\u003e \u003cli\u003e\n\u003cb\u003eKey cost of capital inputs: \u003c\/b\u003eThe \u003ci\u003e2017 Valuation Handbook – U.S. Guide to Cost of Capital\u003c\/i\u003e provides the key inputs needed for developing the cost of equity capital (i.e., \"discount rate\") for use in estimating the value of a subject business, business ownership interest, security, or intangible asset. Inputs provided include: equity risk premia, size premia, risk premia over the risk free rate, full-information industry betas, industry risk premia, and the risk-free rate.\u003c\/li\u003e \u003cli\u003e\n\u003cb\u003eDiscussion of topics that come up most when performing valuation analysis: \u003c\/b\u003eThe \u003ci\u003e2017 Valuation Handbook – U.S. Guide to Cost of Capital\u003c\/i\u003e includes straightforward discussions about: (i) valuation theory, (ii) the differences between the various cost of capital estimation models (build-up, CAPM, Fama-French), (iii) understanding the basic building blocks of cost of equity capital (the risk-free rate, the equity risk premium, the size premium, beta, the industry risk premium, the company-specific risk premium), (iv) whether to \"normalize\" risk-free rates or not, (v) a detailed comparison of the CRSP Deciles Size Premia Study (the former \u003ci\u003eSBBI Valuation Yearbook\u003c\/i\u003e\u003ci\u003e \u003c\/i\u003edata) and the Risk Premium Report Study,\u003ci\u003e \u003c\/i\u003eand more.\u003c\/li\u003e \u003cli\u003e\n\u003cb\u003eEasy-to-follow examples: \u003c\/b\u003eThe \u003ci\u003e2017 Valuation Handbook – U.S. Guide to Cost of Capital\u003c\/i\u003e is packed with easy-to-understand examples for properly using the data to develop levered, unlevered, and even \"high-financial-risk\" cost of equity capital estimates using various build-up methods and CAPM.\u003c\/li\u003e \u003c\/ul\u003e\n\u003c\/div\u003e\u003cdiv\u003e \u003cp\u003e\u003cb\u003eRoger J. Grabowski\u003c\/b\u003e is a managing director with Duff \u0026amp; Phelps. He is coauthor of \u003ci\u003eCost of Capital – Applications and Examples, Fifth Edition, The Lawyer's Guide to Cost of Capital\u003c\/i\u003e, and \u003ci\u003eCost of Capital in Litigation\u003c\/i\u003e.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eJames P. Harrington\u003c\/b\u003e is a director at Duff \u0026amp; Phelps. He is a leading contributor to Duff \u0026amp; Phelps' efforts in the development of studies, surveys, online content and tools, firm-wide valuation models, data distribution platforms, and published thought leadership. He is a coauthor of the Duff \u0026amp; Phelps \"Valuation Handbook\" series, a contributing author to Cost of \u003ci\u003eCapital – Applications and Examples, Fifth Edition\u003c\/i\u003e, and a Duff \u0026amp; Phelps contributor to the \u003ci\u003eStocks, Bonds, Bills, and Inflation (SBBI) Yearbook\u003c\/i\u003e. \u003c\/p\u003e\n\u003cp\u003e\u003cb\u003eCarla S. Nunes\u003c\/b\u003e is a managing director in the Office of Professional Practice at Duff \u0026amp; Phelps, where she provides firm-wide technical guidance on a variety of valuation, financial reporting, and tax issues, with a particular focus on cost of capital. She is a coauthor of the Duff \u0026amp; Phelps \"Valuation Handbook\" series and a contributing author to \u003ci\u003eCost of Capital – Applications and Examples, Fifth Edition\u003c\/i\u003e. \u003c\/p\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003ctable\u003e\n\u003ctr\u003e\n\u003ctd\u003ePublication Date: \u003c\/td\u003e\n\u003ctd\u003e10 April 2017\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePublisher: \u003c\/td\u003e\n\u003ctd\u003eWiley\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eImprint: \u003c\/td\u003e\n\u003ctd\u003eWiley\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eISBN-13: \u003c\/td\u003e\n\u003ctd\u003e9781119367123\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFormat: \u003c\/td\u003e\n\u003ctd\u003eHardback\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePage Count: \u003c\/td\u003e\n\u003ctd\u003e400\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eWeight (oz): \u003c\/td\u003e\n\u003ctd\u003e55.2\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/table\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":44310769303692,"sku":"9781119367123","price":279.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9781119367123_9985f9b7-3eee-42c6-a8eb-b8ee580899da.jpg?v=1780105183","url":"https:\/\/fh90cf-fv.myshopify.com\/products\/9781119367123","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}