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The Certainty Equivalent of an Uncertain Future Cash Flow Is

Question 16

Multiple Choice

The certainty equivalent of an uncertain future cash flow is obtained by:


A) adding the tangency portfolio risk premium to the expected cash flow.
B) subtracting the tangency portfolio risk premium from the expected cash flow.
C) adding the product of the cash flow beta and the tangency portfolio risk premium to the expected cash flow.
D) subtracting the product of the cash flow beta and the tangency portfolio risk premium from the expected cash flow.

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