Question: According to Norstrom's criterion, there are two requirements regarding the cumulative cash flows that must be satisfied to ensure that there is only one positive
According to Norstrom's criterion, there are two requirements regarding the cumulative cash flows that must be satisfied to ensure that there is only one positive root in a rate of return equation. What are they?
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Norstroms criterion says that if a cash flow series starts with a negative sign and sig... View full answer
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