Valuing Equity Securities in Highly Leveraged Companies Considering the Fair Value of Debt

Business Valuation UpdateVol. 19 No. 4
April 2013
Amanda Miller, Ph.D.


This spring, the AICPA will release an updated guide, Valuation of Privately-Held-Company Equity Securities Issued as Compensation (the Cheap Stock Guide). One of the key changes in the guide addresses the treatment of debt and the effects of leverage on ...