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How to discount cashflows with time-varying expected returns

Authors :
Ang, Andrew
Jun Liu
Source :
Journal of Finance. Dec, 2004, Vol. 59 Issue 6, p2745, 40 p.
Publication Year :
2004

Abstract

A new model for valuating cash flows along with risk-free rates, predictable risk premiums and time-varying expected returns is presented.

Details

Language :
English
ISSN :
00221082
Volume :
59
Issue :
6
Database :
Gale General OneFile
Journal :
Journal of Finance
Publication Type :
Academic Journal
Accession number :
edsgcl.146851419