Explicit valuation methods
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Implicit valuation methods employ all-risks yields as input yields with most real-life complications wrapped up into/implied in the input yield(s) chosen. An alternative approach is to make all the cash-flow assumptions explicit. This requires the investor and valuer to articulate all cash-flow assumptions and attitudes to risk. Such an approach tends to be...Explore the subscription options here to get full access to isurv, including downloads.
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