- CFA Exams
- CFA Exam: Level I 2021
- Study Session 10. Corporate Finance (1)
- Reading 32. Capital Budgeting
- Subject 3. Investment Decision Criteria
CFA Practice Question
Which of the following best describes the length of time required for an investment's cash flows to equal its initial cost?
B. Profitability index
C. Payback period
A. Average accounting return
B. Profitability index
C. Payback period
Correct Answer: C
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