New measures of risk that really work!*

Business Valuation UpdateVol. 5 No. 12
Special Reports
December 1999
Shannon P. Pratt, CFA, ARM, ABAR, FASA, MCBA, CM&AA
discount rate, small stock premium, center for research in security prices (CRSP)


I've often said that the greatest challenge for skilled business appraisers is to quantify risk and translate the results into a required rate of return (discount rate). The latest work of Roger Gra ...