The Biggest Business Valuation Myth

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American Society of Appraisers Business Valuation Review™
Fall 2011 Volume 30, Issue 3 pp. 88-99
Eric W. Nath, ASA

Summary

The traditional capital asset pricing model and buildup method have failed to adequately quantify the required rates of return for equity holders. This paper discusses how profoundly business appraisers, the courts, investors, auditors, and the general public have been misled into thinking that these methods are valid, and suggests a way forward.
The Biggest Business Valuation Myth
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