Discounting Rules for Risky Assets
收藏NBER1987-04-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w2219
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资源简介：
This paper develops a rule for calculating a discount rate to value risky projects. The rule assumes that asset risk can be measured by a single index (e.g., beta), but makes no other assumptions about specific forms of the asset pricing model. It treats all projects as combinations of two assets:
提供机构：
美国国家经济研究局
创建时间：
1987-04-01
