Description
'Calculating the Present Value of Riskless Cash Flows' by Richard S. Ruback delves into the fundamental valuation question of discounting riskless after-tax cash flows. The book explores the appropriate method for determining the present value of such cash flows, emphasizing the after-tax discount rate. It provides formulas for valuing riskless cash flows in different scenarios and discusses the relationship between the after-tax discount rate approach and the adjusted present value approach. The importance of interest tax shields and after-tax interest rates in accurate valuation is highlighted in this insightful guide.
Details
Publisher - HardPress Limited
Language - English
Perfect Bound
Contributors
By author
Richard S. Ruback
Published Date - 2013-12-19
ISBN - 9781314903324
Dimensions - 22.9 x 15.2 x 0.3 cm
Page Count - 46
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