Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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IRR refers to the rate of return at which the net present value of a project is zero. This is the rate that the project earns on every dollar invested in the project. A project should be accepted when the IRR of the project is greater than the discount rate or the required rate of return.
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