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Stock valuation during the COVID-19 pandemic: An explanation using option-based discount rates()
Changes in short-term expected market returns (discount rates) were a significant driver behind the unprecedented fluctuations in equity markets during the first 4 months of the COVID-19 pandemic. Using option-based estimates of the expected market risk premium for 13 international markets, we find...
| Autores principales: | , |
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| Formato: | Online Artículo Texto |
| Lenguaje: | English |
| Publicado: |
Elsevier B.V.
2023
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| Materias: | |
| Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8645229/ https://www.ncbi.nlm.nih.gov/pubmed/34898820 http://dx.doi.org/10.1016/j.jbankfin.2021.106386 |