Assume that marriotts restaurant division has the following
Find the covariance of the cash flow with the market return and its cash flow beta.
Assume that Marriott's restaurant division has the following joint distribution with the market return:
Assume also that the CAPM holds.
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find the covariance of the cash flow with the market return and its cash flow betaassume that marriotts restaurant
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1 start with the risk-adjusted discount rate formula derive the certainty equivalent formula by rearranging terms and
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