From: Dave Long (dl@silcom.com)
Date: Mon May 01 2000 - 22:59:51 PDT
If a concern were valued on the basis of:
a) by what margin its returns are (will be?) greater than
risk-adjusted interest rates, and
b) for what length of time it expects this fortunate state
of affairs to remain true,
then higher interest rates would have an adverse effect.
-Dave
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