Cost of Capital: Applications and Examples, + Website, 5th ed. (hereafter “Cost of Capital”), updates and expands the already in-depth and comprehensive review of the Cost of Capital presented by Shannon P. Pratt, Roger J. Grabowski, and their coauthors in previous editions, making the book an invaluable reference for a range of valuation practitioners, finance professionals, regulators, tax authorities, court authorities, and others with an interest in valuations and cost of capital. Cost of Capital was published in April 2014 and, as stated on page 112, incorporates data through approximately June 2013. The predecessor 4th edition was published in 2010.

As with prior editions, Cost of Capital incorporates not only the viewpoints of Pratt and Grabowski, but also the input and feedback of seventeen coauthors, seventeen reviewers, and additional contributors knowledgeable about valuation and the cost of capital. More than one-third of the volume, a combined forty-five...

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