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2 Reviews
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4 of 7 people found the following review helpful:
5.0 out of 5 stars
Best Valuation Tool Available,
By Michael J. Remsha (Milwaukee, WI USA) - See all my reviews
This review is from: Cost of Capital: Estimation and Applications (CPA Practice Guide) (Hardcover)
Pratt took his many years of valuation experience and put it in this one book. The book reviews the theory and practice of how to derive a discount rate for use in a DCF. At present, it's the best book in print for appraisers.
24 of 49 people found the following review helpful:
1.0 out of 5 stars
101 Fudge Factors For Those Ignorant of Risk Neutral Pricing,
By A Customer
This review is from: Cost of Capital: Estimation and Applications (CPA Practice Guide) (Hardcover)
This book should be titled "I do not know how to price all risks when valuing companies so here are 101 fudge factor guesses I use instead". This is the wrong way to value companies and is inconsistent with financial asset pricing theory. Look elsewhere for better resources.
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Cost of Capital: Estimation and Applications by Shannon P. Pratt (Hardcover - October 21, 2002)
Used & New from: $27.99
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