Using The Capital Asset Pricing Model To Determine Capitalization Rates: Adjusting For Differences In Financial Structure

Severin C. Carlson, D.B.A. (Indiana University), is Associate Professor of Finance, College of Management Science, University of Lowell, Lowell, Massachusetts.

Douglas K. Southard, D.B.A. (Indiana University), CFA, ASA, is President of Southard Financial, Memphis, Tennessee. He serves as secretary of the ASA's West Tennessee Chapter.