Only when one starts with the proper interest rate as the base and then goes on to take various risk factors into account, can investments be properlyvalued.
The tax case against Cadbury comes as India's government, under pressure to bridge a budget gap, is seeking billions of dollars from multinational companies it says haven't properlyvalued transactions with their Indian subsidiaries.
From a growth perspective, stocks and bonds are valuedproperly in relation to one another when the stock yield is sufficiently higher than the bond yield to compensate you for the risk of future earnings shortfalls.