The Essentials of CAPM Beta

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Training Event Transcripts
November 30, 2017
Dr. Michael A. Crain, CPA/ABV, CFA, CFE
Dr. G. William Kennedy, Ph.D., CPA/ABV
cost of capital, valuation method


Betas are misunderstood, misapplied, and, often, feared. A key feature of the CAPM is “beta” that represents an asset’s exposure to market risk. Practitioners using the CAPM or its modified form must determine a beta value to apply the model for cost of capital calculations. Join Dr. Michael Crain and Dr. Bill Kennedy for an exploration of the theory and evidence of CAPM beta, use of beta in valuation practice, and the link between capital structure and beta.
The Essentials of CAPM Beta
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