Bridging the Gap Between Discount Rate Theory and Investor Surveys (Report)
Appraisal Journal 2009, Wntr, 77, 1
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- $5.99
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- $5.99
Publisher Description
Abstract This article is intended to assist appraisers in reconciling the differences between the theoretical relationship of discount rates and overall capitalization rates and the published market information in investor surveys. The study explains several disparities in the methodology used to estimate terminal value and define income stream that account for much of the gap between theory and secondary market data in the form of investor surveys.
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