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On the use of the terminal-value approach in risk-value models

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Dorfleitner, Gregor
License: Creative Commons Attribution 4.0
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Date of publication of this fulltext: 07 May 2020 04:57


We extend risk-value models for valuing streams of risky cash flows by establishing the well-known concept of terminal value in this context. For a constant growth assumption we are able to derive upper and lower bounds for the terminal value in the case of a translationinvariant and in the case of a position-invariant risk measure. For both cases we also obtain an exact formula under a special ...


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