Ses 18: Capital Budgeting II & Efficient Markets I

Ses 18: Capital Budgeting II & Efficient Markets I

Recording date: 30/06/2017
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This lecture presents applications of the NPV rule and project financing, as well as alternatives to NPV. In the latter half, an overview of the theory of market efficiency and the example of the Space Shuttle Challenger disaster are presented.

Andrew Lo


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