Estimating Discount Rates
Discount rates are essential to applied finance, especially in setting prices for regulated utilities and valuing the liabilities of insurance companies and defined benefit pension plans. This paper reviews the basic building blocks for estimating discount rates. It also examines market risk premium...
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| Format: | Article |
| Language: | English |
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University of Calgary
2015-04-01
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| Series: | The School of Public Policy Publications |
| Online Access: | https://www.policyschool.ca/wp-content/uploads/2016/03/estimating-discount-rates-booth.pdf |