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This volume provides a thorough exposition of the theory relating to the cost of capital--a core subject in academic finance and also of genuine practical importance. Any serious attempt to value a business requires an estimate of its cost of capital. This book explains models and arguments in a way which does justice to this reasoning, while minimizing the prior knowledge of finance and maths expected of the reader. It is intended primarily f...

This volume provides a thorough exposition of the theory relating to the cost of capital--a core subject in academic finance and also of genuine practical importance. Any serious attempt to value a business requires an estimate of its cost of capital. This book explains models and arguments in a way which does justice to this reasoning, while minimizing the prior knowledge of finance and maths expected of the reader. It is intended primarily f...