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  "documentTitle": "2 IBD presentation 2018 Medley Management Inc. Barclays Capital",
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  "presentationDate": "2018-01-01 00:00:00",
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  "notes": "Includes specific assumptions for Market Risk Premium, Risk Free Rate, Beta, and debt/equity ratios.",
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      "text": "Barclays calculated MDLY's Weighted Average Cost of Capital (\"WACC\") using the Capital Asset Pricing Model (\"CAPM\"). Peer Comparables used to determine a peer average beta: APAM, BSIG, CNS, FII, MN, FZN, VCTR, VRTS and WOR. Debt / Capitalization ratio is based on net debt guided by management and implied equity market capitalization, assuming LLC units are valued equally to Class A shares.",
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      "text": "1. Calculated as concept: (D/ (D+E)) * (1-t) * (Cost of Debt)",
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      "text": "WACC Analysis: Capital Asset Pricing Model (CAPM) table showing assumptions and calculated values for MRP, Risk Free Rate, Beta, Cost of Equity, Size Premium, Tax Rate, Adjusted Cost of Equity, Cost of Debt, and WACC.",
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      "text": "WACC Calculation: MDLY",
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