I hope you like the new design and the resumption of the print edition. The online version will continue to be available.

The year 2014 brings in some new cost of capital resources that many of you have probably seen by now: the 2014 Valuation Handbook published by Duff & Phelps, mentioned in the previous issue of the BVR, and the fifth edition of Pratt and Grabowski's Cost of Capital: Applications and Examples. Both works are, in part, the fruit of the former editor of the BVR, Roger Grabowski. We owe Roger, as well as Dr. Shannon Pratt and the many others working with them, a debt of gratitude for their efforts and contributions.

This issue of the Business Valuation Review contains the second of the three-part series by Mike Vitti dealing with valuation and bankruptcy. Dwight Grant has contributed an article on warrant valuation, considering dilution...

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