Weaver, William; Michelson, Stuart - In: Journal of Business Valuation and Economic Loss Analysis 3 (2008) 1, pp. 4-4
Risk, in a financial sense, is defined as variance about some forecasted value. Any time a business appraiser forecasts future cash flows of any sort, these future value estimates are actually means of all likely cash flows in that particular year. The same holds true with discount rate...