लेखक: Roger J. Grabowski

Shannon P. Pratt, CFA, FASA, MCBA, CM&AA, is the Chairman and CEO of Shannon Pratt Valuations, Inc., and is the founder and Editor Emeritus of Business Valuation Resources, LLC. He is the author or coauthor of several industry standards, including Valuing a Business: The Analysis and Appraisal of Closely Held Companies, Valuing Small Businesses and Professional Practices, The Market Approach to Valuing Businesses, Standards of Value, Business Valuation and Taxes, The Lawyer”s Business Valuation Handbook, and Cost of Capital. Roger J. Grabowski is managing director of Duff & Phelps LLC. He has testified in court as an expert witness, including the Northern Trust case, the first U.S. Tax Court decision that adopted the discounted cash flow method to value the stock of a closely held business with the discount rate based on the capital asset pricing model. Roger coauthors the annual Duff & Phelps”s Risk Premium Report. He is also the editor of Business Valuation Review.