The new edition of Cost of Capital: Estimation and Applications Third Edition includes new materials on using the Duff & Phelps Risk Premium Report data on size and fundamental risk, new chapters on cost of capital issues for financial reporting and transfer pricing, updated discussion of Cost of Capital in the Courts with comprehensive set of case references, and Reconciling Cost of Capital among various forms of the Income Approach and expanded material reconciling the Income Approach with Valuation Multiples in the Market Approach. Throughout, there are new quotes and citation to relevant material.