Surface Transportation Board October 18, 2019 – Federal Register Recent Federal Regulation Documents
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Methodology for Determining the Railroad Industry's Cost of Capital
The Board proposes to incorporate an additional model to complement its use of the Morningstar/Ibbotson Multi-Stage Discounted Cash Flow Model (MSDCF) and the Capital Asset Pricing Model (CAPM) in determining the cost-of-equity component of the cost of capital.
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