Deep dive
Cost of Capital Mastery
Go beyond the textbook WACC formula. Learn to estimate cost of equity using multiple methods, handle complex capital structures, and understand how leverage decisions change what a company is worth.
Before this course
These cover the assumed background. You can start here anyway — nothing is locked.
Lessons in this course
Work through them in order, or jump to whichever fits where you are. Every lesson is free and saves your progress locally.
- 01Cost of Equity: Beyond Textbook CAPM
- 02Cost of Debt: What Lenders Actually Charge
- 03Leverage and the Cost of Capital: Modigliani-Miller
- 04Unlevering and Relevering Beta
- 05Capital Structure Optimization: Finding the Sweet Spot
- 06Pecking-Order Theory: Why Companies Hate Issuing Equity
- 07Dividend Irrelevance and the Signaling Counter
- 08The Payout Mix Shift: Buybacks Since 2003
- 09Unlevered/Re-Levered Beta Walk: The Full Mechanics
- 10Size Premium and the Fama-French Alternative
- 11Cost of Equity by Sector: Banks, Insurers, REITs, Utilities
- 12Private-Company Illiquidity Discount Mechanics