Sequel to “partitioning transaction vectors into pure investments”: A new sufficient condition for transactions to have a unique IRR and some results on the distribution of IRRs
James Rutherford Cuthbert
The Engineering Economist, 2021, vol. 66, issue 4, 303-318
Abstract:
An article by the same author in The Engineering Economist in 2018 (vol. 63(2), 143–157) proved that any transaction could be uniquely partitioned into a sequence of pure investments with strictly decreasing internal rates of return (IRRs). This article uses that result to prove a new condition for a transaction to have a unique IRR and also gives some information on how the IRRs of a transaction must be distributed.
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:taf:uteexx:v:66:y:2021:i:4:p:303-318
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DOI: 10.1080/0013791X.2021.1929624
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