Lecture9ProspectiveAnalysisvaluationimplementation课程.pptVIP

Lecture 9 Prospective Analysis – Valuation Implementation The steps involved in Business Analysis Introduction To move from the valuation theory discussed in the prior lectures, we have to deal with: Need to estimate a cost of capital to use as a discount rate Need to deal with other practical issues Learning Objectives At the conclusion of this lecture you should understand: Chapter 8: How to estimate costs of capital How to deal with other issues in valuation Discount Rates 3 discount rates discussed in this course: Cost of capital – equity (re) Used in DDM and residual abnormal earn