An investment is profitable if internal rate of return (IRR) is:
A. Greater than the minimum rate of return fixed by the investor
B. Less than the minimum rate of return fixed by the investor
C. Equal to the minimum rate of return fixed by the investor
D. Needed to be delinked from any prior stipulation of rate of return
Answer:A
An investment is profitable if internal rate of return (IRR) is:
A. Greater than the minimum rate of return fixed by the investor B. Less than the minimum rate of return fixed by the investor C. Equal to the minimum rate of return fixed by the investor D. Needed to be delinked from any prior stipulation of rate of return