The Cost of Capital : Intermediate Theory (Hardcover)

Preface; Part I. Expected Returns on Financial Assets: 1. The cost of capital under certainty; 2. Allowing for uncertainty: contingent states; 3. The capital asset pricing model and multifactor models; 4. The consumption-based model; 5. The equity risk premium; Part II. A Project's Cost of Capital: 6. Project valuation; 7. Corporation tax, leverage and the weighted average cost of capital; 8. Personal tax and the cost of equity: the old and the new views; 9. Personal tax, leverage and multiple tax rates; 10. Inflation and risk premiums; 11. The international dimension; Part III. Estimating the Cost of Capital: 12. The cost of equity: inference from present value; 13. The cost of equity: applying the CAPM and multifactor models; 14. Estimating a project's cost of capital; 15. Regulated utilities.