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Keywords: APV
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Journal Articles
Journal:
Management Research Review
Management Research News (2005) 28 (10): 65–92.
Published: 01 October 2005
... Value APV, proposed by Myers, 1974. They use as the basic principle the fact that there is a “near” constant relation between Ke the cost of equity and Kd the cost of debt. They consider as well that the cost of debt Kd is not constant and changes proportionately with the leverage D%. We propose a very...
