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"Interpreting the Realizable Rate of Return": A Reply

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Klemperer states that the realizable-rate-of-return criterion is "unsuitable for comparing investments of different lives, unless investments are adjusted to a common time horizon." This response notes that such adjustments are necessary regardless of investment criterion. An example is provided to show the consistency of RRR and the net present value criteria when used to rank investment opportunities having unequal lives.

Document Type: Journal Article

Affiliations: Professor of Agricultural Economics, Washington State University, Pullman

Publication date: September 1, 1981

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  • The Journal of Forestry is the most widely circulated scholarly forestry journal in the world. In print since 1902, the Journal has received several national awards for excellence. The mission of the Journal of Forestry is to advance the profession of forestry by keeping forest management professionals informed about significant developments and ideas in the many facets of forestry: economics, education and communication, entomology and pathology, fire, forest ecology, geospatial technologies, history, international forestry, measurements, policy, recreation, silviculture, social sciences, soils and hydrology, urban and community forestry, utilization and engineering, and wildlife management. The Journal is published bimonthly: January, March, May, July, September, and November.

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