Journal of Business
Выпуск N1 за 1966 год
Опубликовано на портале: 12-11-2004Benjamin F. King Journal of Business. 1966. Vol. 39. No. 1. P. 139-190.
The analysis of the interdependence of an ensemble of security prices changes carries with it implications for such seemingly diverse financial topics as (1) methods of portfolio selection, (2) the design of index numbers, and (3) the theory of cost of capital. The concluding section of this work will attempt to relate these subjects to the principal statistical results in addition to suggesting further research that can capitalize on the present finding.
Опубликовано на портале: 03-10-2003Gordon Pye Journal of Business. 1966. Vol. 39. No. 1. P. 45-51.
In this article examines what discount rates should be used when borrowing rate is greater than the lending rate using present value interpretation. Author consider in this article: Conditions where the difference between the borrowing and lending rates will cover the labor and transaction costs involved; Derivation of the correct rate-of-return rule that can either accept or reject an investment.