Assume that you have a logarithmic utility function for wealth U (W) = ln(W) and that you
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Because 1000 is a large change in wealth relative to 10000 we can use the concept ...View the full answer
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Related Book For
Financial Theory and Corporate Policy
ISBN: 978-0321127211
4th edition
Authors: Thomas E. Copeland, J. Fred Weston, Kuldeep Shastri
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