A PROBLEM IN PROBABILITY DISTRIBUTION TECHNIQUES FOR CAPITAL BUDGETING

Authors

  • Robert H. Keeley,

  • Randolph Westerfield

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    • Electro-Science Management Corporation and Assistant Professor of Finance, Wharton School of Finance and Commerce, University of Pennsylvania, respectively. Comments by a referee on an earlier draft of this paper have proved helpful. We acknowledge the help of M. Blume, D. Vickers and R. Pettit.

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