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Duff & Phelps Names Brigham Young University Students Winners of National Valuation Competition

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  Published in Business and Finance on Thursday, June 3rd 2010 at 12:00 GMT by Market Wire
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NEW YORK--([ BUSINESS WIRE ])--Duff & Phelps Corporation (NYSE: DUF), a leading independent financial advisory and investment banking firm, announced that Brigham Young University (BYU) students Doug Rowe, Leonce Arceneaux and Marc Dedrick emerged as the first place winning team in the inaugural Duff & Phelps National Case Study Competition. The competition challenges students from schools across the country to solve a complex business valuation problem, culminating in a final round of oral presentations at Duff & Phelpsa™ New York headquarters.

"The Marriott School of Management at BYU is deeply honored by this award and recognition of our students"

A total of $25,500 in scholarship funds were presented to the three finalist teams, with the BYU team receiving the top prize of $15,000. The University of Southern California accepted a second place scholarship award of $7,500, and George Mason University was presented with a third place scholarship award of $3,000.

"Increased transparency and accountability have emerged as focal points throughout the post-crisis recovery effort, and the demand for reliable valuation expertise will only grow stronger,a said Noah Gottdiener, chief executive officer, president and chairman of Duff & Phelps. aDuring the final round of the National Case Study Competition, these students demonstrated the technical skill and professional standards necessary to meet the challenges ahead. With the support of their schools and the business community, this next generation of financial professionals will be ready to serve the needs of tomorrowa™s business leaders, investors, consumers and regulators."

The BYU team was advised by Dr. Hal Heaton, the Denny Brown Professor of Business Management. He has expertise in capital markets, emerging markets and finance, including corporate finance and entrepreneurial finance issues.

aThe Marriott School of Management at BYU is deeply honored by this award and recognition of our students,a said Gary Cornia, dean of Marriott School of Management at BYU. aDuff & Phelps is a corporation with a distinguished name in finance and financial issues, and to be honored in this way is very rewarding.a

A panel of judges comprised of nationally recognized valuation experts, academics and professionals determined winners based on the teamsa™ performances during the final round of oral presentations in New York. Judges in the final round of competition represented Duff & Phelps, New York University, Villanova University and The University of Texas.

The problem presented to students in this yeara™s competition involved preparation of a fairness opinion for a master limited partnership that was evaluating whether to enter into an agreement with a pipeline company. Details on the competition are available at [ http://duffandphelps-jobs.tmpqa.com/competition.aspx ]. More information on Duff & Phelpsa™ commitment to financial education, including [ the Duff & Phelps Chair in Business Analysis & Valuation at Rotterdam School of Management (RSM), Erasmus University ], is available at [ http://www.duffandphelps.com/aboutus/Pages/OurCommitmenttoFinancialEducation.aspx ].

About Duff & Phelps

As a leading global independent provider of financial advisory and investment banking services, Duff & Phelps delivers trusted advice to our clients principally in the areas of valuation, transactions, financial restructuring, dispute and taxation. Our world class capabilities and resources, combined with an agile and responsive delivery, distinguish our clients' experience in working with us. With offices in North America, Europe and Asia, Duff & Phelps is committed to fulfilling its mission to protect, recover and maximize value for its clients. Investment banking services in North America are provided by Duff & Phelps Securities, LLC. Investment banking services in Europe are provided by Duff & Phelps Securities Ltd. Duff & Phelps Securities Ltd. is authorized and regulated by the Financial Services Authority. Investment Banking services in France are provided by Duff & Phelps SAS. For more information, visit [ www.duffandphelps.com ]. (NYSE: DUF)