The authors study the problem of multiple roots of IRR equation and introduce a novel "largest root" rule for selecting the correct solution, which effectively resolves the puzzle of IRR equation. The text was written for a wide audience of financial industry professionals, academics, and students studying finance and investment business. 108 pp.
The authors study the problem of multiple roots of IRR equation and introduce a novel "largest root" rule for selecting the correct solution, which effectively resolves the puzzle of IRR equation. The text was written for a wide audience of financial industry professionals, academics, and students studying finance and investment business. 108 pp.
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