10.07.2015 Views

Implied Discount rate - NABE

Implied Discount rate - NABE

Implied Discount rate - NABE

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

Risk vs. Expected ReturnThe least liquid (riskiest) class of business assets require the highest returnNon-liquidNarrow MarketIntangibleAssetsEquityFinancedTangibleAssetsWorking CapitalDebtFinancedLiquidVersatileCashLowInvestment Return RequirementsHigh6

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!