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If the net present value (NPV) is positive when an investment is discounted at 12%, we know that the internal rate of return (IRR) is:
If the net present value (NPV) is positive when an investment is discounted at 12%, we know that the internal rate of return (IRR) is: 1. Less than 12% 2. Equal to 12% 3. Greater than 12% 4. Greater than 0%
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A Course In Derivative Securities
Authors: Kerry Back
2005th Edition
3540253734, 978-3540253730
