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Keywords: Risk-adjusted
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Journal Articles
Journal:
Managerial Finance
Managerial Finance (2016) 42 (6): 604–616.
Published: 13 June 2016
...Pradip K. Bhaumik Purpose – Despite many troublesome aspects in its use, the risk-adjusted discount rate has survived and continues to be extensively used by practitioners. While the appropriate discount rate for projects as risky as the current business operations of the firm can be estimated...
