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You are here: Home / Articles / Some Ancient Anticipations of Modern Asset Valuations

Some Ancient Anticipations of Modern Asset Valuations

A. Time Value of Money Sales of ‘bonds’ are mentioned frequently in talmudic literature. In view of the biblical prohibition of usury, the only forms of debt that were traded were those of discounted bonds. The application of discounting of financial assets stems from loss of production opportunities although the law forbids borrowing and lending…

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