Calculating the cost of capital |
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Authors: | Elroy Dimson Paul Marsh |
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Institution: | London Business School, UK |
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Abstract: | One of the most important recent advances in corporate finance is the use of risk measures in setting discount rates or required rates of return for capital projects. An understanding of this area is of crucial importance to senior managers and corporate planners. This article explains how to calculate required rates of return using the modern approach to the cost of capital. |
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