Evaluating risk-adjusted discount rates in forest investment decision making
One approach to risk in investment evaluation is to discount expected cash flows with a single risk-adjusted discount rate. When emphasis is placed on total (as opposed to systematic) risk there are no a priori criteria guiding the proper selection of' the risk-adjusted discount rate. It is unl...
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| Format: | Others |
| Language: | en_US |
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Virginia Polytechnic Institute and State University
2015
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| Online Access: | http://hdl.handle.net/10919/54502 |