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The Method of Risk Measurement in Case of Stochastic Definition of Net Present Value
Białek, Jacek 
(Wydawnictwo Uniwersytetu Łódzkiego, 2009)
(Wydawnictwo Uniwersytetu Łódzkiego, 2009)
The Net Present Value (NPV) rule is a base of modern finance theory. The classical definition of NPV is based on unrealistic assumptions: it treats the discount rate as a deterministic and constant function. The above fact ...