9780321818171_berk_ch03

Indd 03ch03berkindd 66 121511 808 pm interview with

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Unformatted text preview: .indd 03_ch03_berk.indd 66 12/15/11 8:08 PM INTERVIEW WITH Karrilyn Wilcox, Marshall & Stevens Valuation Consulting Karrilyn Wilcox, an employee at Marshall & Stevens Valuation Consulting practice in New York City, provides clients with valuation and financial advisory services. Her finance background comes into play regularly. “I need to understand the industry and economy the business operates in, in order to more effectively forecast the business’s financial statements, which are the basis of discounted cash flow analysis.” Having graduated from Saint Mary’s University in Halifax in 2007 with a Bachelor of Commerce degree, Karrilyn understands well the importance of interest rates and their effect on today’s value of future cash flows. “For instance, if we are valuing a business in a different country with high interest rates and sovereign risk, we need to understand the impact this has on the valuation. For one thing, it would be inappropriate to use the same discount rate as another company that operates in the same industry and has the same capital structure and credit rating but operates in a low interest rate environment with...
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This note was uploaded on 02/07/2014 for the course MIS 304 taught by Professor Mejias during the Spring '07 term at Arizona.

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