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Multiperiod Analysis of a Levered Portfolio

  • Lorenzo Peccati
Conference paper
Part of the Studies in Financial Modelling book series (FINANC.MODELL.)

Abstract

The notion of Internal Financial Law for an investment is introduced. Through this generalization of the IRR a general notion of outstanding capital is obtained. After the introduction of a generalized version of NPV a decomposition of this parameter is offered which is strictly connected to the notion of ROE.

Keywords

Interest Rate Capital Structure Average Cost Capital Budget Constant Interest Rate 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag Berlin · Heidelberg 1991

Authors and Affiliations

  • Lorenzo Peccati
    • 1
  1. 1.Turin and “Bocconi” UniversitiesItaly

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