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,...
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| פורמט: | Article |
| שפה: | English |
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University of Miskolc
2016-07-01
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| סדרה: | Theory, Methodology, Practice |
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| גישה מקוונת: | https://ojs.uni-miskolc.hu/index.php/tmp/article/view/1565 |