ustbookmarket

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Anyone who wants to have CFA Level 3 2015 materials? Send me an email at (username at 300 hrs)@gmail.com

[ustbookmarket]

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Risk-free rate should be used because from the name itself risk free, meaning it is free from market risk factors. The best measurement of market risk is Beta. And the Beta of a risk free asset is 0. You just need to match the spending needs characteristic with the discount rate characteristic.

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