Question
The internal rate of return (IRR) is __________. A. the discount rate that makes the bond value positive (for premium bonds) B. the discount rate
The internal rate of return (IRR) is __________.
| A. | the discount rate that makes the bond value positive (for premium bonds) | |
| B. | the discount rate that makes the NPV greater than zero | |
| C. | the discount rate that makes the NPV less than zero | |
| D. | the discount rate that makes the NPV equal to zero |
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Multinational Financial Management
Authors: Alan C. Shapiro
7th Edition
0471395307, 9780471395300
