| Valuation of Debt and Preferred Stock
Program Type: Recorded Webinar(Audio, PPT Presentation)
Program Level: Intermediate
Prerequisites: Learning activity level that builds on a basic program most appropriate for individuals with detailed knowledge in an area
Advanced Preparation: Prior valuation experience recommended, but not required
Delivery Method: Group Internet-Based
CPE Credits: One (1) Hour
Fields of Study: Finance
Shipping Weight: 0lbs. 0oz.
This webinar will discuss the importance of debt and preferred stock valuation for business valuation and present several valuation methods accompanied by practical examples. The webinar will cover: 1) common characteristics of debt/bonds and preferred stock, issued by both private and public firms; 2) alternative valuation models; 3) credit analysis in order to determine a synthetic rating; 4) market credit spreads; and 5) adjustments for illiquidity and debt characteristics.
After completing this webinar, attendees will be able to:
- Identify when debt valuation is needed
- Recognize different types of debt securities
- Define the types of methods used to value debt
- Explain how to perform a credit analysis
- Recognize some sources for market data for bond yields
- Utilize the correct factors while adjusting debt yields
- Calculate a debt valuation following the methodology and examples presented
Who Should Attend
Practitioners, appraisers, attorneys, CFOs
Dr. McConaughy is editor of the Business Valuation Review, Professor of Finance at the David Nazarian College of Business and Economics at California State University Northridge, and a Director in Valuation Services at Crowe Horwath LLP. He has published extensively in academic finance and practitioner valuation journals. He has presented at NACVA and ASA conferences as well as in webinars related to valuation.