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A Sufficient Condition for a unique Nonnegative Internal Rate of Return: Further Comments

Published online by Cambridge University Press:  06 April 2009

Clovis de Faro
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Extract

In a recent issue of JFQA, Aucamp and Eckardt [1] (henceforth referred to as AE), developed a new sufficient condition for the existence of a unique (and simple) nonnegative internal rate of return (IRR), which includes the one previously formulated by Norstrøm [8] as a particular case. As pointed out by the former authors, their new procedure is appealing since it is easier to apply than the rather involved Sturm-Kaplan [6] method, while being a refinement of Norstrøm's result.

Type
Research Article
Information
Journal of Financial and Quantitative Analysis , Volume 13 , Issue 3 , September 1978 , pp. 577 - 584
Copyright
Copyright © School of Business Administration, University of Washington 1978

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References

REFERENCES

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