Cost of Capital
Slides for a talk on cost of capital given at NABE conference, Sept 25 2005. The old advice to use the CAPM and 6% for cost of capital doesn’t make any sense now that we know expected returns vary over time.
Slides for a talk on cost of capital given at NABE conference, Sept 25 2005. The old advice to use the CAPM and 6% for cost of capital doesn’t make any sense now that we know expected returns vary over time.
Asset Pricing and the Equity Premium
Slides for the Smith-O’Brian Lecture, Notre Dame University, October 8 2004. (An update of several related talks)
Slides for the Smith-O’Brian Lecture, Notre Dame University, October 8 2004. (An update of several related talks)