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worst-case-scenerio

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    WCS worst case scenario

    Hi David: On your webnair: 2010-4[1].a-Valuation, page 18: The WCS assumes the firm increases its level of investment when gains are realized; i.e., that the firm is “capital efficient.” I couldn't clearly understand the point. I excerpt the book PUTTING VaR TO WORK, page 113...
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