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The Q theory of investment, the capital asset pricing model, and asset valuation: a synthesis
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MCDONALD John F.. The Q theory of investment, the capital asset pricing model, and asset valuation: a synthesis[J]. Journal of Zhejiang University Science A, 2004, 5(5): 499-508.
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author="MCDONALD John F.",
journal="Journal of Zhejiang University Science A",
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doi="10.1631/jzus.2004.0499"
}
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PB - Zhejiang University Press & Springer
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DOI - 10.1631/jzus.2004.0499
Abstract: The paper combines Tobin's Q theory of real investment with the capital asset pricing model to produce a new and relatively simple procedure for the valuation of real assets using the income approach. Applications of the new method are provided.
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