Trends in Corporate Profitability And Capital Costs
Trends in Corporate Profitability And Capital Costs
Daniel M Daniel Mark Holland
The book Trends in Corporate Profitability And Capital Costs was written by author Daniel M Daniel Mark Holland Here you can read free online of Trends in Corporate Profitability And Capital Costs book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Trends in Corporate Profitability And Capital Costs a good or bad book?
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7 945. 4 698. 8 1021. 9 683. 1 1015. 5 690. 8 1023. 2 Sources 1. Market Value of Debt . Net interest paid by non-financial corporations was capitalized at Moody's Baa corporate bond rate. After 1945, net interest was available by quarter from Survey of Current Business . Only annual figures were available for 1929 to 45. Worksheets were provided by BEA. Yields were taken from Moody's Industrial Manual . Yields used to capi- talize quarterly net interest are simple averages of yields quoted for ...each month in the quarter. For 1929-45, the yield quoted for June was used. 2. Market Value of E quity . Net dividend payments by non-financial corporations were capitalized at the dividend yield of the Standard and Poor's Composite Index. Annual dividend payments are available from 1929-45 from BEA worksheets. Quarterly payments are available from the Survey of Current Business for 1946-75. The dividend yield used was an arithmetic averajje of monthly indexes reported for April, May and June, taken from Standard and Poor's Trade Statistics .
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