The recent crisis in financial markets has seen a gradual erosion of risk-free asset classes. In equity markets the credit risk has reached a critical level in valuation. A new cost of equity method for Private Companies is presented based on the pricing of junior subordinated notes. Global business cases are illustrated to support this. Это и многое другое вы найдете в книге Private Company Valuation: How Credit Risk Reshaped Equity Markets and Corporate Finance Valuation Tools (Global Financial Markets) (Gianluca Oricchio)