author: scott b smart

The book focuses on both individual securities and portfolios, teaching students to consider the risk and return of different types of investments and how to use this knowledge to develop, implement, and monitor goals.

... net present value (NPV) profile, which plots a project's NPV (on the y-axis) against various discount rates (on the x-axis). The NPV profile illustrates the relationship between a typical project's NPV and its IRR. By 'typical', we mean ...