Examlex
Programs are subdivisions of projects.
Risk-Free Rate
The rate of return of an investment with zero risk, serving as a benchmark for evaluating other investments.
Discount Rate
The interest rate used to determine the present value of future cash flows.
Capital Projects
Long-term investment projects requiring significant sums of money to acquire, improve, or maintain physical assets.
Riskless Assets
Financial instruments that are considered to have a minimal risk of loss, often exemplified by government bonds or Treasury bills.
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