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A company has unlimited funds to invest at its discount rate. The company should invest in all projects having: Multiple Chalce an internal rate of
A company has unlimited funds to invest at its discount rate. The company should invest in all projects having:
Multiple Chalce
an internal rate of return greater than zero.
a net present value greater than zero.
a simple rate of return greater than the discount rate.
a payback period less than the project's estimated life.
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Continuous Time Finance
Authors: Robert C. Merton
1st Edition
0631185089, 978-0631185086
