Question
The payback rule can be best stated as: An investment is acceptable if its calculated payback period is less than some prespecified number of years.
The payback rule can be best stated as:
An investment is acceptable if its calculated payback period is less than some prespecified number of years.
An investment should be accepted if the payback is positive and rejected if it is negative.
An investment should be rejected if the payback is positive and accepted if it is negative.
An investment is acceptable if its calculated payback period is greater than some prespecified number of years.
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Quantitative Investment Analysis
Authors: Richard A. DeFusco, Dennis W. McLeavey, Jerald E. Pinto, David E. Runkle
3rd edition
111910422X, 978-1119104544, 1119104548, 978-1119104223
