Hostname: page-component-848d4c4894-x24gv Total loading time: 0 Render date: 2024-05-16T00:54:42.073Z Has data issue: false hasContentIssue false
  • English
  • Français

A Sufficient Condition for a Unique Nonnegative, Internal Rate of Return: A Comment

Published online by Cambridge University Press:  19 October 2009

Clovis de Faro
Get access Rights & Permissions [Opens in a new window]

Extract

The purpose of this comment is to make a comparison between the sufficient conditions of Soper [3] and of Norstrøm [2] for a unique internal rate of return (IRR). Such a condition is crucial for the implementation of a computer program, as for instance the one presented by Mao and Knoll [1] which makes use of Soper's condition. Therefore, it seems appropriate to investigate if one of the mentioned conditions is superior to the other, so that we could rely only on the more efficient one.

Type
Communications
Information
Journal of Financial and Quantitative Analysis , Volume 8 , Issue 4 , September 1973 , pp. 683 - 684
Copyright
Copyright © School of Business Administration, University of Washington 1973

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

[1]Mao, James C. T., and Knoll, David. “Analysis of Investment Returns by Computer.” The Engineering Economist, vol. 12, Summer 1967, pp. 229–239.CrossRefGoogle Scholar
[2]Norstrøm, Carl L. “A Sufficient Condition for a Unique Nonnegative Internal Rate of Return.” Journal of Financial and Quantitative Analysis, vol. 7, June 1972, pp. 1835–1838.CrossRefGoogle Scholar
[3]Soper, C. S. “The Marginal Efficiency of Capital: A Further Note.” The Economic Journal, vol. 69, March 1959, pp. 174–177.CrossRefGoogle Scholar