The Real Reinvestment Rate Assumption as a Hidden Pitfall
The paper explores a few hidden problems of the reinvestment rate assumption. The automatism of net present value method creates and applies a very special reinvestment rate assumption. This assumption does not disturb the evaluation of investment projects with orthodox cash flow patterns. However,...
| Autor principal: | |
|---|---|
| Formato: | Artículo |
| Lenguaje: | English |
| Publicado: |
University of Miskolc
2016-07-01
|
| Colección: | Theory, Methodology, Practice |
| Materias: | |
| Acceso en línea: | https://ojs.uni-miskolc.hu/index.php/tmp/article/view/1565 |