Abstract
This note compares the conventional and the Arditti- Levy methods of measuring cash flows and discount rate. It proves that the conventional method is consistent with the wealth maximizing principle.
Additional Information
| Product Type | Technical Note |
|---|---|
| Reference No. | F&A0361TEC |
| Title | Capital Investment Analysis: Correct Definitions of Cash Flows and Cost of Capital |
| Pages | 7 |
| Published on | Jan 1, 1983 |
| Authors | Pandey, I M; |
| Area | Finance and Accounting (F&A) |
| Discipline | Accounting, Finance, Quantitative Methods |
| Sector | Miscellaneous |
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