Featuring (click image for more information):

Roger J. Grabowski ASA Duff & Phelps

Why You Should Attend:

With the many changes that come with a new year, none could be more pertinent or useful to BV practitioners than the publishing of the 2010 Duff & Phelps Risk Premium Report.  Authored by Roger Grabowski and David King, this report offers even more defensible cost of capital measures than previous editions – particularly for small target companies – through historical equity risk premiums (ERPs) and size premiums for 25 size-ranked portfolios using 8 alternative measures of company size.

On Thursday, February 18 author Roger Grabowski will join us for “Using the 2010 Duff & Phelps Report: Learn from the Master”.  Through the course of his 100-minute presentation, Grabowski will highlight everything you need to know to put this powerful valuation tool to work, and will answer your questions along the way.  And as a special bonus, buy the 2010 Duff & Phelps Risk Premium Report and attend this teleconference for free.

Agenda

• History of the Research
• How do we construct our database; what are the characteristics of the companies included in the base dataset and in the high-financial-risk dataset
• The interpretation of Exhibits derived from the base data set
  • What is in Exhibits A-1 to A-8 and how do you use them
  • What is in Exhibits B-1 to B-8 and how do you use them
  • What is in Exhibits C-1 to C-8 and how to use them
  • What is in Exhibits D-1 to D-3 and how to use them
• The interpretation of Exhibits derived from the high-financial-risk companies dataset
• Comparison of using Morningstar data to Duff & Phelps data
• Comparison of companies that comprise the datasets for the decile and portfolio of the smallest companies
• Decision in In re Sunbelt Beverage Corp

Learning Objectives

• Gain a solid understanding of how the 2010 DPRPR was compiled, and how to put it to best use
• Learn how to apply historical Equity Risk Premiums (ERPs) for various sized companies to your valuation target
• Clarify which factors skew ERPs and how adjustments can compensate for those factors
• Learn how the 2010 DPRPR will help your development of defensible cost of capital measures

BVR's Teleconference Usage Policy

Purchase of admission to any of BVR's teleconferences grants ONE phone connection and ONE computer connection per physical location per registration. Additional unregistered phone or computer connections are a violation of BVR's Teleconference Usage Policy, and BVR reserves the right to withhold CPE credits from both registered and unregistered users in violation of this policy.

Group Discounts Available

For group discounts on Teleconferences contact Linda Mendenhall at lindam@bvresources.com or (503) 291-7963 ext. 125.

CPE Credits for Unlimited Listeners

Have as many eyes and ears take advantage of your registered connections as possible: CPE credit is available for an unlimited number of listeners to any registered line.

To add listeners for CPE credit, contact customer service (cs@bvresources.com or (503) 291-7963) with main registrant's name, the names of the persons to receive credit, and their email addresses. We welcome as many eyes and ears to take advantage of those connections as possible.

CPE Information

Prerequisites: Knowledge of Business Valuation
Program Level: Advanced
Preparation Required: None
Delivery Method: Group Internet-Based
Recommended CPE: 2 Credit Hours (Consulting Services)

Business Valuation Resources, LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417. www.nasba.org NASBA Sponsor

On Demand Packs: Conference Recordings & Transcripts

BVR's On Demand Packs are an indispensable addition to any valuation reference library. Use them as training tools as many times as you'd like, wherever you are: play them at your computer at work or home, in your car, or on your personal audio device.

Each On Demand Packs includes:

• Recordings and transcripts of the presentation
• All presentation visual aides and handouts
• All ancillary reading materials suggested by our presenters

For a complete list of available On Demand Packs from past teleconferences, click here.