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IIMB Management Review

Document Type

Article

Abstract

The major problem faced while calculating the cost of capital in a developing country like India is the extreme volatility and illiquidity of the financial markets. Drawing upon various theories and empirical evidence specific to the Indian context, Mahesh Santhanam guides managers and finance professionals who analyse and evaluate capital budgeting projects that involve consideration of the cost of capital.

Publication Date

10-1-1998

First Page

49

Last Page

57

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