- 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 investment rules does not use the time-value of money concept?
B. Internal rate of return
C. Net present value
A. Payback period
B. Internal rate of return
C. Net present value
Correct Answer: A
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