Reader Mailbag: Institutional Investor Question on Discount Rate

Erik Kobayashi-Solomon

January 12, 2018

In September of last year, I published an article to Framework Members entitled Discard CAPM – There Is a Better Way to Think About Cost of Equity. To make a long story short, my contention in this whitepaper is that the standard methodology for determining one of the most important inputs into corporate valuations — …

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