TY  - EJOU
AU  - 
T1  - Rate of Return Would Not Increase To the Extent of Annuity Saving Discount
T2  - The Economics and Finance Letters

PY  - 2014
VL  - 1
IS  - 4
SN  - 2312-430X

AB  - This note demonstrates that when there is a discount on uniform cash flow, the rate of return would not increase to the extent of the discount. The extent to which the rate of return would increase depends on the investment horizon.
KW  - 
DO  - 10.18488/journal.29/2014.1.4/29.4.66.69