The discount rate that makes the NPV of a project zero.
Late professor of economics and finance at MIT. Corporate Finance 10th Edition Ross Westerfield Jaffe.pdf
| Feature | 10th Edition (2011) | 13th Edition (2021) | | :--- | :--- | :--- | | | Post-2008 recession recovery | COVID-19 economic impact, zero-interest rate policy (ZIRP) | | Data Timeliness | Market data ends ~2009-2010 | Updated through 2020-2021 | | Chapter on Behavioral Finance | Brief mention | Expanded standalone section | | International Finance | Core chapter | Augmented with emerging markets focus | | Price (New) | Out of print | ~$250+ hardcover | The discount rate that makes the NPV of a project zero