FIN - Do we need CAPM for capital budgeting

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Read the article “Do we need CAPM for capital budgeting?” Do you agree or disagree with the authors' position? Why or why not? Discuss with your classmates the characterization of Jagannathan and Meler’s assumptions. Are they valid? 

    • 12 years ago
    FIN - Need of CAPM for capital budgeting
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