BVR is pleased to announce that the new third edition of Business Valuation: An Integrated Theory is now available in its bookstore. Co-written by Z. Christopher Mercer and Travis W. Harms (both with Mercer Capital), the book is designed to demystify modern valuation theory and show how to apply fundamental valuation concepts. There is also a detailed discussion of the quantitative marketability discount model (QMDM), a shareholder-level DCF model Mercer developed that values interests in a business in the context of an appraisal of the entire enterprise. For more information, click here.