“The IRR rule is redundant as an investment criterion because the net present value rule always dominates it.” Discuss this statement giving examples where possible .
Q2. (a)What are the main issues investors ought to consider when deciding whether to invest in an Initial Public Offering?
b)Discuss the main explanations for the long-run under performance of IPOs.
Q3. Discuss the assumptions and predictions of the trade-off model and of the pecking order model of capital structure.
