Question
Suppose you want to use the CAPM model to estimate the discount rate of a company in order to discount its cash flows but that
Suppose you want to use the CAPM model to estimate the discount rate of a company in order to discount its cash flows but that company does not trade in the stock market. What would be the problem in using the CAPM, What would you do in order to solve the problem?
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Personal Finance Turning Money Into Wealth
Authors: Arthur Keown
8th Edition
0134730364, 978-0134730363
