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A Sufficient Condition for a Unique Nonnegative Internal Rate of Return

Published online by Cambridge University Press:  19 October 2009

Carl J. Norstrøm
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Extract

A proposition is proved which shows that each member of an important class of investment and financing projects has a unique nonnegative internal rate of return. Nonuniqueness of the internal rate of return is thus shown to occur less frequently than formerly believed. The correspondence between the proposition and previous results on the uniqueness of the internal rate of return is briefly indicated.

Type
Research Article
Information
Journal of Financial and Quantitative Analysis , Volume 7 , Issue 3 , June 1972 , pp. 1835 - 1839
Copyright
Copyright © School of Business Administration, University of Washington 1972

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