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25CF-BVAL: MNCPA Business Valuation Conference

Nov. 3, 2025  -  Bloomington, MN and Online

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C1. Evolution of the Built-Up Method for Cost of Capital

Speaker: Ronald Seigneur
Mon, 10:40 AM - 11:30 AM

Explore the unsystematic risk component within the traditional Build Up Model (BUM) when developing discount rates for appraisal and damages engagements. Dig into a historical review of analytical frameworks and perspectives over the last 40 years beginning with the Shilt Table and evolving to current frameworks for expressing professional judgment in this key area of discount rate development. This session will follow much of the thinking contained in Mr. Seigneur’s "The Continuing Evolution of the BUM" article published in the September "Business Valuation Update" newsletter.

NASBA field of study: Auditing - Technical (1)

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Conference management team

Lynn Kletscher
Director of Education
952-885-5513

Emily Stamp
Conference coordinator
952-885-5509 

Leslie Mueller
Exhibitors & Sponsors
952-885-5520

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