Fundamental Theorem of Asset Pricing with Taxes
| Year of publication: |
2012
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|---|---|
| Authors: | Becker, Marcus |
| Publisher: |
[2012]: [S.l.] : SSRN |
| Subject: | Theorie | Theory | CAPM |
| Description of contents: |
In this paper we prove a version of the fundamental theorem of asset pricing in discrete time, accounting for personal income taxes. We apply this theorem to the valuation of firms
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freely available