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Consider the two statements below. Indicate whether this is a True/False statement. Part A. The internal rate of return (IRR) is the discount rate that
Consider the two statements below. Indicate whether this is a True/False statement. Part A. The internal rate of return (IRR) is the discount rate that maximizes the NPV of a project. Part B. All else constant and under perfect market efficiency, if a firm makes a surprise annoucement to invest in a project with a positive NPV, the firm's market cap should increase exactly by the project's NPV amount
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