The Valuation Handbook – U.S. Guide to Cost of Capital, 2004 Essentials Edition includes two sets of valuation data: Data previously published in the 2004 Duff & Phelps Risk Premium Report Data previously published in the Morningstar/Ibbotson 2004 Stocks, Bonds, Bills, and Inflation (SBBI) Valuation Yearbook The Valuation Handbook – 2004 U.S. Essentials Edition includes data through December 31, 2003, and is intended to be used for 2004 valuation dates. The Valuation Handbook – U.S. Guide to Cost of Capital, Essentials Editions are designed to function as historical archives of the two sets of valuation data previously published annually in: The Morningstar/Ibbotson Stocks, Bonds, Bills, and Inflation (SBBI) Valuation Yearbook from 1999 through 2013 The Duff & Phelps Risk Premium Report from 1999 through 2013 The Duff & Phelps Valuation Handbook – U.S. Guide to Cost of Capital from 2014 The Valuation Handbook – U.S. Essentials Editions are ideal for valuation analysts needing "historical" valuation data for use in: The preparation of carve-out historical financial statements, in cases where historical goodwill impairment testing is necessary Valuing legal entities as of vintage date for tax litigation related to a prior corporate restructuring Tax litigation related to historical transfer pricing policies, etc. The Valuation Handbook – U.S. Essentials Editions are also designed to serve the needs of: Corporate finance officers for pricing or evaluating mergers and acquisitions, raising private or public equity, property taxation, and stakeholder disputes Corporate officers for the evaluation of investments for capital budgeting decisions Investment bankers for pricing public offerings, mergers and acquisitions, and private equity financing CPAs who deal with either valuation for financial reporting or client valuations issues Judges and attorneys who deal with valuation issues in mergers and acquisitions, shareholder and partner disputes, damage cases, solvency cases, bankruptcy reorganizations, property taxes, rate setting, transfer pricing, and financial reporting For more information about Duff & Phelps valuation data resources published by Wiley, please visit www.wiley.com/go/valuationhandbooks.
Since the 1950s, macroeconomics has been transformed. This book is about one of the most important aspects of that transformation: the attempt, through the end of the twenty-first century and beyond, to construct macroeconomic models rigorously derived from models of individual firms and households.
Praise for Cost of Capital, Fourth Edition "This book is the most incisive and exhaustive treatment of this critical subject to date." —From the Foreword by Stephen P. Lamb, Esq., Partner, Paul, Weiss, Rifkind, Wharton & Garrison LLP, and former vice chancellor, Delaware Court of Chancery "Cost of Capital, Fourth Edition treats both the theory and the practical applications from the view of corporate management and investors. It contains in-depth guidance to assist corporate executives and their staffs in estimating cost of capital like no other book does. This book will serve corporate practitioners as a comprehensive reference book on this challenging topic in these most challenging economic times." —Robert L. Parkinson Jr., Chairman and Chief Executive Office, Baxter International Inc., and former dean, School of Business Administration and Graduate School of Business, Loyola University of Chicago "Shannon Pratt and Roger Grabowski have consolidated information on both the theoretical framework and the practical applications needed by corporate executives and their staffs in estimating cost of capital in these ever-changing economic times. It provides guidance to assist corporate practitioners from the corporate management point of view. For example, the discussions on measuring debt capacity is especially timely in this changing credit market environment. The book serves corporate practitioners as a solid reference." —Franco Baseotto, Executive Vice President, Chief Financial Officer, and Treasurer, Foster Wheeler AG "When computing the cost of capital for a firm, it can be fairly said that for every rule, there are a hundred exceptions. Shannon Pratt and Roger Grabowski should be credited with not only defining the basic rules that govern the computation of the cost of capital, but also a road map to navigate through the hundreds of exceptions. This belongs in every practitioner's collection of must-have valuation books." —Aswath Damodaran, Professor, Stern School of Business, New York University "Pratt and Grabowski have done it again. Just when you thought they couldn't possibly do a better job, they did. Cost of Capital, Fourth Edition is a terrific resource. It is without a doubt the most comprehensive book on this subject today. What really distinguishes this book from other such texts is the fact that it is easy to read—no small feat given the exhaustive and detailed research and complicated subject matter. This book makes you think hard about all the alternative views out there and helps move the valuation profession forward." —James R. Hitchner, CPA/ABV/CFF, ASA, Managing Director, Financial Valuation Advisors; CEO, Valuation Products and Services; Editor in Chief, Financial Valuation and Litigation Expert; and President, Financial Consulting Group "The Fourth Edition of Cost of Capital continues to be a 'one-stop shop' for background and current thinking on the development and uses of rates of return on capital. While it will have an appeal for a wide variety of constituents, it should serve as required reading and as a reference volume for students of finance and practitioners of business valuation. Readers will continue to find the volume to be a solid foundation for continued debate and research on the topic for many years to come." —Anthony V. Aaron, Americas Leader, Quality and Risk Management, Ernst & Young Transaction Advisory Services
The newest titles in our Campus Guide series are these guides to Phillips Academy, Andover and Duke University. They present architectural tours of two of America's finest campuses, revealing the stories behind the historic and contemporary campus buildings, gardens, and works of sculpture.Phillips Academy, founded in 1778, blends colonial, Federal, neo-Georgian, and modernist styles. Noted architects whose buildings appear on campus are Charles Bulfinch; Peabody and Stearns; McKim, Mead, and White; and Frederick Law Olmsted.Duke University was officially founded in 1924. Until 1950 it was designed primarily by Julian Abele, one of the few professional African-American architects working in the United States at that time. The campus architecture is best known for its medieval-style Gothic buildings, notably Duke Chapel.
EVERYTHING YOU NEED FOR ACCURATE INTERNATIONAL COST OF CAPITAL ESTIMATIONS—IN A SINGLE VOLUME The 2017 Valuation Handbook – International Guide to Cost of Capital is part of the U.S. and international series of valuation resources authored by Duff & Phelps and published by John Wiley & Sons. This annually updated reference provides business valuation and finance professionals with the critical data they need to assess risk and develop cost of capital estimates on a global scale. Gauging the risks of an international investment is one of the trickiest aspects of finance. This comprehensive guidebook provides you with usable international data and methodology, and the ability to: Turn to a definitive resource of world-class data and guidance to gain a distinct competitive advantage in real-world situations. Access costly and difficult-to-obtain international data, assembled into easy-to-use cost of capital inputs at an accessible price point. Quickly grasp how concepts and methodologies translate into actual practice when they are brought to life in exemplifying cases. Accurate. Reliable. Trusted. The 2017 Valuation Handbook – International Guide to Cost of Capital gives you the upper hand the moment you open it. Other volumes in the annual series include: 2017 Valuation Handbook – International Industry Cost of Capital 2017 Valuation Handbook – U.S. Guide to Cost of Capital 2017 Valuation Handbook – U.S. Industry Cost of Capital
THE SERIES WITH OVER 2 MILLION DOWNLOADS and 20,000+ REVIEWS New York Times & USA Today Bestselling McRyan Mystery Series She held her breath, her arms shaking, and it felt as though her heart was going to explode out of her chest. Go away, she thought. You’re done. You’ve killed me—now leave. Tainted water. Dead bodies. Blood silence. Two people are coldly executed behind a bar in Washington DC. A high-powered lawyer and his beautiful client are brutally slaughtered in a lake house in a suburb west of Minneapolis. Two cases separated by a thousand miles and connected by one man – Mac McRyan. In a tale of money and blood that hits a little too close to home, Mac is forced to confront his tumultuous past. Blood Silence is a web of unsettling twists, startling turns and unforeseen redemption with each chapter adding a layer of intrigue that will pull you in further. Detective Mac McRyan Mystery, Thriller and Crime Series: FIRST CASE: Murder Alley - Book 1 THE ST. PAUL CONSPIRACY - Book 2 - USA Today Bestseller DEADLY STILLWATER - Book 3 - Free ebook FIRST DEADLY CONSPIRACY - Books 1-3 Box set - New York Times & USA Today Bestseller ELECTING TO MURDER - Book 4 FATALLY BOUND - Book 5 - USA Today Bestseller BLOOD SILENCE - Book 6 - USA Today Bestseller MYSTERIES, THRILLERS AND KILLERS - Books 4-6 Box set NEXT GIRL ON THE LIST - Book 7 STAKEOUT: A Case From The Dick Files - Short Story FIREBALL - Book 8 - New release Never miss a new release again. Join the list at www.RogerStelljes.com The McRyan Mystery series is for fans of Vince Flynn, Jack Reacher Series, Brad Thor, James Patterson, Lee Child, Alex Cross Series, Nelson DeMille, David Baldacci, John Sandford, Harlan Coben, Robert Crais, Mark Greaney, Tom Clancy, Robert Bryndza, J. D. Robb, Lisa Gardner, Karin Slaughter, Stuart Macbride, Patricia Gibney, Jo Nesbo, Tami Hoag, Angela Marsons, Lisa Jackson and other great authors and their characters in the mystery and thriller genre.
Reprint of the original, first published in 1871. The publishing house Anatiposi publishes historical books as reprints. Due to their age, these books may have missing pages or inferior quality. Our aim is to preserve these books and make them available to the public so that they do not get lost.
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 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, Fifth 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.
With war on the horizon in the late 1930s, many Americans, still angry over the outcome of the Great War, determined not to get involved in another global conflict. Called isolationists or anti-interventionists, many of them, especially the America First Committee, focused their attention on the European war when it broke out in September 1939. Most were less interested in Japan’s aggression in East Asia, which left an opening for another isolationist group, the Committee on Pacific Relations, which opposed war with Japan right up to the day of the Japanese attack on Pearl Harbor. In this first full study of pro-Japan isolationists, Roger B. Jeans provides a detailed history of the committee, which was launched in September 1941, a scant ten weeks before the beginning of the war. Its driving force was Missourian Orland Kay “O. K.” Armstrong, who traveled widely during the late 1930s and early 1940s recruiting prominent Americans for his movement against war with Japan. He and his colleagues were often critical of US policies and of China, the victim of Japanese aggression. As a result, they were often ostracized as pro-Japanese. Jeans draws on previously untapped sources—the personal letters of committee members and the dossiers the FBI compiled on them—to paint a rich picture of this little-known group.
The New Standard Source of International Cost of Capital Analysis The 2015 International Valuation Handbook – Guide to Cost of Capital provides data and methodology guidance that will enable the reader to assess risk and develop cost of capital estimates on a global scale, coupled with data exhibits that provide country-level country risk premia (CRPs), Relative Volatility (RV) factors, and equity risk premia (ERPs). The data exhibits can be used to estimate country-level cost of equity capital globally, for up to 188 countries, from the perspective of investors based in up to 55 different countries.* Don't Forget the Semi-annual Update The hardcover 2015 International Valuation Handbook - Guide to Cost of Capital includes international cost of capital data updated December 2014 and March 2015. This critical analysis is updated in a Semi-annual Update with data through June and September 2015 for a full year's coverage. Ensure that you are using the most up-to-date international cost of capital data and information available: add the Semi-annual Update and keep your data library current. For more information about Duff & Phelps valuation data resources published by Wiley, please visit www.wiley.com/go/valuationhandbooks. Also Available 2015 International Valuation Handbook - Industry Cost of Capital 2015 Valuation Handbook - Guide to Cost of Capital 2015 Valuation Handbook - Industry Cost of Capital Key Features Country-level Country Risk Premia (CRPs) for up to 188 countries: The 2015 International Valuation Handbook – Guide to Cost of Capital provides country-level country risk premia for up to 188 countries globally, from the perspective of investors based in up to 55 different countries. CRPs are estimated using the following models: (i) Country Credit Rating Model, and (ii) Country Yield Spread Model. Relative Volatility (RV) Factors for up to 69 countries: The 2015 International Valuation Handbook – Guide to Cost of Capital provides country-level relative volatility factors for up to 69 countries from the perspective of investors in the U.S. and Germany. Relative volatility factors are estimated using the Relative Standard Deviation Model. Equity Risk Premia (ERPs) for 18 countries based in USD and “local” currency: The 2015 International Valuation Handbook – Guide to Cost of Capital provides long-horizon and short-horizon ERP data in USD and “local” currencies. Additional ERP resources include Pablo Fernandez’ survey of ERPs for a variety of counties. *Depending on the estimation model being employed, and data availability. Some models do not include estimates for all countries. The Semi-annual update is (i) optional, and (ii) not sold separately. The Semi-annual Update is delivered in PDF format only.
This is a compelling and revealing look at the history of the U.S.-Mexico border as a place, a symbol of cross-cultural melding, and a source of growing anxiety over immigration and national security. The U.S.-Mexico border is far more than a line that separates two countries. A winding path of nearly 2,000 miles from the Pacific Ocean to the Gulf of Mexico, it is history, commerce, and culture. In recent years, however, attitudes about border crossings and border issues have hardened as has immigration policy. A source of growing anxiety over illegal immigration, national security, and safety, the border has become a symbol of political cataclysm over immigration law and enforcement, the future of DACA, the increasingly harsh treatment of refugees and others who attempt to cross without authorization, and the future of U.S. policy. This book traces the history of the border and its people, from the creation of the border line to explosive issues surrounding immigration and the future of the United States as a nation of diverse cultures and races.
A road map for addressing and resolving the debate surrounding Confederate monuments in the United States In recent years, the debate over the future of Confederate monuments has taken center stage and caused bitter clashes in communities throughout the American South. At the heart of the debate is the question of what these monuments represent. The arguments and counterarguments are formulated around sets of assumptions grounded in Southern history, politics, culture, and race relations. Comprehending and evaluating accurately the associated claims and counterclaims calls for a careful examination of facts and legal considerations relevant to each side's assertations. In Monumental Harm, Roger C. Hartley offers a road map to addressing and resolving this acrimonious debate. Although history and popular memory play a vital role in the discussion, there have been distortions of both parts. Monumental Harm reviews the fact-based history of the initial raising of these monuments and distinguishes it from the popular memory held by many Confederate-monument supporters. Hartley also addresses concerns regarding the potential erasure of history and the harm these monuments have caused the African American community over the years, as well as the role they continue to play in politics and power. The recent rise in White nationalism and the video-recorded murders of Black citizens at the hands of White police officers have led to nationwide demonstrations and increased scrutiny of Confederate monuments on public land. As injustice is laid bare and tempers flare, the need for a peaceful resolution becomes ever-more necessary. Monumental Harm offers a way to break the rhetorical deadlock, urging that we evaluate the issue through the lens of the U.S. Constitution while employing the overarching democratic principle that no right is absolute. Through constructive discourse and good-faith compromise, a more perfect union is within reach.
This book contains the proceedings of a symposium held at the College of Charleston, Charleston, South Carolina, USA, 16-20 June 1986. The seed for this symposium arose from a group of physiologists , soU scientists and biochemists that met in Leningrad, USSR in July 1975 at the 12th Botanical Conference in a Session organized by Professor B.B. Vartepetian. This group and others later conspired to contribute to a book entitled Plant Life in Anaerobic Environments (eds. D. D. Hook and R. M. M. Crawford, Ann Arbor Science, 1978). Several contributors to the book suggested in 1983 that a broad-scoped symposium on wetlands would be useful (a) in facilitating communication among the diverse research groups involved in wetlands research (b) in bringing researchers and managers together and (c) in presenting a com prehensive and balanced coverage on the status of ecology ami management of wetlands from a global perspective. With this encouragement, the senior editor organized a Plan ning Committee that encompassed expertise from many disciplines of wetland scientists and managers. This Committee, with input from their colleagues around the world, organized a symposium that addressed almost every aspect of wetland ecology and management.
The winner of the John Ben Snow Prize delves into the life of a 19th-century Adirondack millwright and arrives at a greater awareness of his own reality. Despite having developed patents for a type of sawmill, Israel Johnson was no one in particular, an everyman who died penniless.
Containing reviews written from January 2002 to mid-June 2004, including the films "Seabiscuit, The Passion of the Christ," and "Finding Nemo," the best (and the worst) films of this period undergo Ebert's trademark scrutiny. It also contains the year's interviews and essays, as well as highlights from Ebert's film festival coverage from Cannes.
Drawing on a vast array of primary and secondary sources, Roger L. Nichols traces the changing relationships between Native peoples and whites in the United States and Canada from colonial times to the present. Dividing this history into five stages, beginning with Native supremacy over European settlers and concluding with Native peoples' political, economic, and cultural resurgence, Nichols carefully compares and contrasts the effects of each stage on Native populations in the United States and Canada. This second edition includes new chapters on major transformations from 1945 to the present, focusing on social issues such as transracial adoption of Native children, the uses of national and international media to gain public awareness, and demands for increasing respect for tribal religious practices, burial sites, and historic and funerary remains.
Roswell is perhaps most famous for its alleged intergalactic visitors that may or may not have crashed here via flying saucer in 1947. However, some very real famous people have traversed and lived in Roswell, including singer John Denver and actress Demi Moore. During the turbulent Wild West days, Roswell was the stomping grounds of cattle baron John Chisum, sheriff Pat Garrett, and even his arch-nemesis, Billy the Kid. Among others to call Roswell home were Robert H. Goddard, the father of modern rocketry; baseball player Joe Bauman, who hit 72 home runs in one season; pro-golfer Nancy Lopez; Western superstar Roy Rogers; rodeo champion Bob Crosby; and Dallas Cowboys quarterback Roger Staubach.
The urban century manifests itself at the peripheries. While the massive wave of present urbanization is often referred to as an 'urban revolution', most of this startling urban growth worldwide is happening at the margins of cities. This book is about the process that creates the global urban periphery – suburbanization – and the ways of life – suburbanisms – we encounter there. Richly detailed with examples from around the world, the book argues that suburbanization is a global process and part of the extended urbanization of the planet. This includes the gated communities of elites, the squatter settlements of the poor, and many built forms and ways of life in-between. The reality of life in the urban century is suburban: most of the earth's future 10 billion inhabitants will not live in conventional cities but in suburban constellations of one kind or another. Inspired by Henri Lefebvre's demand not to give up urban theory when the city in its classical form disappears, this book is a challenge to urban thought more generally as it invites the reader to reconsider the city from the outside in.
Accompanying histories explain the reasons behind the conflicts and include maps showing all theaters of operations for Michigan troops. The in-depth accounts of the state's role in these hostilities often serve as the first serious and comprehensive studies of the contributions made by its citizens in these events."--BOOK JACKET.
Roger Pielke reveals how sports stars break the rules in their search for a competitive edge. Both entertaining and thought-provoking, THE EDGE not only visits the battlefields in the war against cheating and corruption, but also explores ways to ensure that “the spirit of sport” can survive in today’s high-tech, highly professional world. Drawing on controversies straight out of the headlines, Pielke looks at doping, match fixing, fake amateurism, and other ways of breaking the rules. But are those rules--and the values they reflect--hopelessly outdated? Wonderfully readable and scrupulously researched, THE EDGE blends science and journalism to produce an unforgettable account of sport in crisis.
In the 1530s, five Bassano brothers, who were outstanding wind players and instrument makers, emigrated from Venice to England. Dr Lasocki‘s authoritative new book, the first to be devoted to the family, is a minutely researched account of these brothers, their sons (and a daughter) and their grandsons. The first half of the book discusses the everyday affairs of the family - their relationships, religion, property, law suits, finances, and standing in society. Two chapters, one written by Roger Prior, are devoted to Emilia Bassano, whose identification as thedark lady of Shakespeare‘s sonnets is supported by a wealth of evidence. The second half of the book discusses the family‘s musical activities. At the English Court the Bassanos made up a recorder consort that lasted 90 years; they also played in the flute/cornett and shawm/sackbutt consorts. As instrument makers their fame was spread throughout Europe. The book‘s appendixes present information on the Venetian branch of the family and the musical activities of the English branch since 1665.
Featuring hundreds of A-Z entries and numerous photos, the set examines the history and relevance of the issues, events, controversies, personalities, groups, and concepts that have contributed to the political and social polarization of American society over recent decades. It details hot-button topics as well as the role of the media in defining and shaping these issues--everything from abortion, the Christian Coalition, the environmental movement, feminism, and gay rights, to illegal aliens, pornography, stem-cell research, Watergate, and zero tolerance. A topic finder, bibliography, and index add to the set's utility.
Al McGuire was not only one of the most successful coaches in college basketball history, but arguably, as this insightful memoir shows, the most colorful and unpredictable as well. Over the years his entertaining and often controversial remarks--and his altercations with fellow coaches, referees, and even the NCAA--became legendary.
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