Question
Which of the following is the appropriate discount rate to be used when calculating NPV in the certainty equivalent approach? a. Market risk premium b.
Which of the following is the appropriate discount rate to be used when calculating NPV in the certainty equivalent approach?
| a. | Market risk premium | |
| b. | Cost of capital | |
| c. | Cost of equity | |
| d. | Risk-free rate |
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Empirical Finance
Authors: Sardar M. N. Islam, Sethapong Watanapalachaikul
1st Edition
3790815519, 978-3790815511
