Surface Transportation Board August 14, 2008 – Federal Register Recent Federal Regulation Documents
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Use of a Multi-Stage Discounted Cash Flow Model in Determining the Railroad Industry's Cost of Capital
The Board proposes to use a multi-stage Discounted Cash Flow (DCF) model to complement its use of the Capital Asset Pricing Model (CAPM) in determining the cost-of-equity component of the railroad industry's cost of capital.
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