It takes the average reader 1 hour and 47 minutes to read A Theory of the Firm's Cost of Capital by Ramesh K. S. Rao
Assuming a reading speed of 250 words per minute. Learn more
The cost of capital concept is widely used in business decision-making. The current theory and estimates for measurement of cost of capital are derived from the seminal Modigliani-Miller analyses. This book generalizes this framework to include non-debt tax shields (e.g., depreciation) and default considerations. It develops several new results and shows how better cost of capital and marginal tax rate estimates can be generated. The unified cost of capital theory presented in the book is illustrated graphically and with comprehensive numerical examples. This book will be of great interest to practicing managers, academics, governmental agencies and private companies that generate cost of capital estimates for public consumption.
A Theory of the Firm's Cost of Capital by Ramesh K. S. Rao is 105 pages long, and a total of 26,775 words.
This makes it 35% the length of the average book. It also has 33% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 2 hours and 26 minutes to read A Theory of the Firm's Cost of Capital aloud.
A Theory of the Firm's Cost of Capital is suitable for students ages 10 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
When deciding what to show young students always use your best judgement and consult a professional.
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