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The appropriate cost of capital to be used to discount average - risk projects is the expected return on the market portfolio the market risk
The appropriate cost of capital to be used to discount averagerisk projects is
the expected return on the market portfolio
the market risk premium
the Treasury bill rate of return
the Treasury bond rate of return
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
15th edition
77861612, 1259194078, 978-0077861612, 978-1259194078
