The objective of this monograph is to develop a process for forecasting long-term returns based on a firm economic foundation. The authors examine returns available to the providers of financial capital and how these returns are generated among the myriad assets.
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Economic Foundations of Capital Market Returns develops a process for forecasting long-term returns based on a firm economic foundation. The authors examine returns available to the providers of financial capital and how these returns are generated among the myriad assets.
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