Problems with Cost of Capital Estimation in the Current Environment—Update

Roger J. Grabowski, ASA, is a Managing Director of Duff & Phelps LLC in Chicago, Illinois. The author wants to thank David Ptashne, Deven Monga, David Turney, Chris McShea, and Aaron Reddington for their help in preparing the data displayed in this article. This work should not be construed as representing the official position of any organization. Mr. Grabowski is also Editor of the Business Valuation Review, published quarterly by the American Society of Appraisers International.