The Valuation of Cash Flow Forecasts: An Empirical Analysis

Business Valuation UpdateVol. 1 No. 2
Data and Publications Update
November 1995

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discounted cash flow (DCF), capital asset pricing model (CAPM)

Summary

Kaplan, Stephen N. and Richard S. Ruback, "The Valuation of Cash Flow Forecasts: An Empirical Analysis," Journal of Finance , September, 1995, pp 1059-1094. The study compares actual transaction ...