Keywords: Risk-adjusted discount rate (RADR)
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Journal Articles
Journal of Risk Finance (2022) 23 (3): 289–302.
Published: 28 March 2022
...Luisa Tibiletti Purpose The paper proposes using modified duration in calculating the proper risk-adjusted discount rate (RADR) to account for downside risk scenarios in capital budgeting. Design/methodology/approach The paper shows how to use modified duration to summarize in a single number...

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