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Target debt maintenance under alternative net present value specifications and implications for investment and finance decisions
(2010-03-22)
Two alternative specifications of weighted average cost of capital are prevalent in finance literature. Though both the specifications result in consistent accept/reject or ranking decisions the net present value arrived ...
Project is a compound - not a mixture conceptual problems in valuation
(2010-03-19)
There is considerable literature in the field of finance concerning the valuation of negative cash flows. Consequently, it is widely held that a project should be valued by valuing each component of the project's cash ...
Investment opportunities and Gordon's stock valuation model - a note
(2010-03-14)
The traditional stock valuation model incorporating growth opportunities, fails to recognise the investment opportunities constraint. As a result the conventional model fails to provide an optimum reinvestment ratio and ...
Conceptual problems in valuation
(1987-09-24)