Capital Market Theory and Real Estate Valuation: A Case Study in Choosing an 'Appropriate' Discount Rate

Authors

A. Frank Adams III, Kennesaw State UniversityFollow
John D. Jackson, Auburn University
Philip J. Cook, Auburn University

Document Type

Article

Publication Date

Summer 2001

Abstract

Presents information on a study which examined the relationship between discount rates and capitalization rates. Difference in the use of discount rates and capitalization rates; Construction of discount rates; Conclusions.