A Sufficient Condition for a unique Nonnegative Internal Rate of Return: Further Comments

Clovis de Faro

Journal of Financial and Quantitative Analysis, 1978, vol. 13, issue 3, 577-584

Abstract: In a recent issue of JFQA, Aucamp and Eckardt [1] (henceforth referred to as AE), developed a new sufficient condition for the existence of a unique (and simple) nonnegative internal rate of return (IRR), which includes the one previously formulated by Norstrøm [8] as a particular case. As pointed out by the former authors, their new procedure is appealing since it is easier to apply than the rather involved Sturm-Kaplan [6] method, while being a refinement of Norstrøm's result.

Date: 1978
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