Rate of Return under Re-Capitalisation: A Note
Conclusion The measure in (6) is suggested as the most appropriate measure when n is over a month or so for it explicitly takes into account time value. For small n (e.g. daily returns), we can assume k=0, n=1, and therefore, the time value is not an issue and we can simplify (6) as: $$1 + R_{t + 1}...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
1988
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| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/2238 https://doi.org/10.1007/bf01732255 |
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| Institution: | Singapore Management University |
| Language: | English |