A certainty equivalent form of the CAPM is as follows: Why does the equation use the riskless
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A certainty equivalent form of the CAPM is as follows:
Why does the equation use the riskless rate to discount the cash flows in the numerator?
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Related Book For
Investment Valuation And Asset Pricing Models And Methods
ISBN: 9783031167836
1st Edition
Authors: James W. Kolari, Seppo Pynnönen
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