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| Who Cares if You Have the Alleged and Dubious Size Premium "Right"—It's the Total Cost of Equity that Matters(170608A_N) |
Course CPE: 2 hour(s)
Field(s) of Study: Finance–1 hr; Statistics–1 hr
Program Level: Intermediate
Prerequisites: Previous training or research on subject matter being taught. Such persons are often at a mid-level within the organization, with operational and/or supervisory responsibilities.
Advanced Preparation: None
Delivery Method: Self-Study |
Item
Number: 17PBVCHI0608A
Shipping Weight: 0lbs. 0oz. |
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$147.00 |
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Recording Date: June 8, 2017
Presenter: Peter Butler
Program Description:
Mr. Butler will discuss the need for, and appropriate next (and final) steps, in the development of the cost of capital for a privately held company to include empirical data from the public stock market for idiosyncratic risk and the use of the Implied Private Company Pricing Model. “Without such data, you are just another person with an opinion.”
After completing the webinar, attendees will be able to:
- Recognize that without total beta, data from publicly traded stock returns fails to capture idiosyncratic risk
- Differentiate between company-specific risk and idiosyncratic risk
- Recognize the huge leaps of faith one must take from the alleged size premium to estimate an appropriate cost of equity for a privately held company
- Determine the total beta to help calculate guidelines’ total cost of equity, which includes idiosyncratic risk, to use in their business appraisal practice
- Identify the IPCPL to help estimate their subject company’s cost of capital
For more information regarding refund or concerns, please contact our offices at (800) 677-2009.
The Consultants’ Training Institute (CTI) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. |
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