Question: When evaluating a project, the chance of default is captured by Question 20 options: using the CAPM expected rate of return as the discount rate
When evaluating a project, the chance of default is captured by
Question 20 options:
| using the CAPM expected rate of return as the discount rate | |
| using the expected return on the market as the discount rate | |
| calculating the expected cash flows of the project discounting the expected cash flows of the project at the equity premium |
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