Why does K e approximate K j , or why does D 1 /(P 0 - g)

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Why does Ke approximate Kj, or why does D1/(P0 - g) approximate R+ βf/Rm -Rf)?

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Foundations of Financial Management

ISBN: 978-1259024979

10th Canadian edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta

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