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The Cost of Capital - Intermediate Theory (Hardcover)
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The Cost of Capital - Intermediate Theory (Hardcover)
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This book provides an answer to the question, 'What does the
finance and economics literature say about the determination and
estimation of a project's cost of capital?'. Uniquely, it reviews
both the theory of asset pricing in discrete time and a range of
more applied topics which relate to project valuation, including
the effects of corporate and personal taxes, the international
dimension, estimation of the cost of equity in practice, and the
cost of capital for regulated utilities. It seeks to explain models
and arguments in a way which does justice to the reasoning, whilst
minimising the prior knowledge of finance and maths expected of the
reader. It acts as a bridge between a general undergraduate or MBA
text in finance, accounting or economics, and the modern
theoretical literature on the cost of capital.
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