Jensen, Michael C., and Martin J. Bailey. "Risk and the Discount Rate for Public Investment." In Studies in the Theory of Capital Markets, edited by M. C. Jensen. New York: Praeger, 1972.
However, the process is complicated, typically involving two distinct rates: a consumption discount rate for future consumption, reflecting individual time preferences, and a higher investment ...
In the final part of Jean-Louis Roux Dit Buisson’s trilogy, he discusses how pharma companies can estimate their discount rates, looking at risk premiums. There is a lot of terminology confusion ...
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