Michael Osborne

University of Sussex Business School

Jubilee Building

University of Sussex, Falmer

Brighton, Sussex BNI 9SL

United Kingdom

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SCHOLARLY PAPERS

18

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SSRN CITATIONS
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11

CROSSREF CITATIONS

5

Scholarly Papers (18)

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1.

A Resolution to the NPV - IRR Debate?

Number of pages: 22 Posted: 05 Apr 2004 Last Revised: 04 Jan 2010
Michael Osborne
University of Sussex Business School
Downloads 3,117 (5,537)
Citation 13

Abstract:

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Capital budgeting, Complex plane, interest rates, internal rate of return, investment appraisal, net present value, time value of money

2.

The Relationship between NPV and Irr in the Presence of a Non-Flat Yield Curve

Number of pages: 17 Posted: 15 Jun 2004
Michael Osborne
University of Sussex Business School
Downloads 970 (33,542)
Citation 1

Abstract:

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Capital budgeting, complex plane, internal rate of return, investment appraisal, net present value, time value of money, yield curve

3.

A Simple, Accurate Formula for the Duration of a Portfolio of Bonds Under a Non-Parallel Shift of a Non-Flat Yield Curve

Number of pages: 26 Posted: 08 Sep 2004
Michael Osborne
University of Sussex Business School
Downloads 791 (44,448)

Abstract:

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Duration, convexity, fixed income, bond, complex plane

4.

On the Meaning of Internal Rates of Return and Why an Internal Rate of Return is Not an Investment Criterion

Number of pages: 35 Posted: 06 Jul 2010 Last Revised: 27 Nov 2011
Michael Osborne
University of Sussex Business School
Downloads 667 (55,715)
Citation 2

Abstract:

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Capital budgeting, complex plane, internal rate of return, net present value

5.

On the Computation of a New Formula for the Duration of a Bond that Yields Precise Results Without the Need for Convexity and Other Devices

Number of pages: 33 Posted: 26 Jan 2003
Michael Osborne
University of Sussex Business School
Downloads 468 (86,694)

Abstract:

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bonds, modified duration, duration, interest rate sensitivity, complex plane

6.

Exponential versus Hyperbolic Discounting: A Theoretical Analysis

Number of pages: 13 Posted: 03 Nov 2014 Last Revised: 28 Aug 2016
Michael Osborne
University of Sussex Business School
Downloads 332 (128,102)
Citation 1

Abstract:

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complex, discounting, exponential, hyperbolic, interest, intertemporal

7.

A Real Accurate Formula for the Yield Elasticity of Bond Price

Number of pages: 23 Posted: 06 Aug 2012 Last Revised: 03 Sep 2012
Michael Osborne
University of Sussex Business School
Downloads 163 (251,974)

Abstract:

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bond, complex number, duration, elasticity, fixed income, Macaulay, yield

8.

The Cambridge Controversies in the Theory of Capital: A Solution to the Reswitching Puzzle

Number of pages: 32 Posted: 24 Jan 2010 Last Revised: 11 Aug 2011
Michael Osborne
University of Sussex Business School
Downloads 162 (253,317)

Abstract:

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Capital Theory, Complex Plane, Interest Rate, Reswitching

9.

A Note on Macaulay’s Formula for Duration

Number of pages: 14 Posted: 10 Aug 2011 Last Revised: 03 Sep 2012
Michael Osborne
University of Sussex Business School
Downloads 141 (283,262)
Citation 1

Abstract:

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bond, complex number, duration, fixed income, Macaulay

10.

An Alternative Way to Deconstruct Value: A Dual Expression for NPV and Its Applications

Number of pages: 41 Posted: 08 Aug 2012
Michael Osborne
University of Sussex Business School
Downloads 133 (296,279)

Abstract:

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capital budgeting, complex number, internal rate of return, IRR, net present value, NPV, yield curve

11.

An Essay on the Inadequacy of APR as a Measure of the Cost of Consumer Credit, and Why Consumer Credit Legislation Should Be Revised

Number of pages: 38 Posted: 30 Dec 2010 Last Revised: 25 Mar 2011
Michael Osborne
University of Sussex Business School
Downloads 104 (352,880)

Abstract:

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APR, consumer credit, complex plane, truth-in-lending

12.

Is APR a Robust Measure of the Cost of Consumer Credit?

Number of pages: 23 Posted: 19 Apr 2013
Michael Osborne
University of Sussex Business School
Downloads 84 (403,303)

Abstract:

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annual percentage rate, APR, consumer credit, complex plane, time value of money, finance charge, truth-in-lending, TVM

13.

A Note on the IRR of a Project with Many Potential Outcomes

Number of pages: 8 Posted: 27 Aug 2016 Last Revised: 24 Sep 2016
Michael Osborne
University of Sussex Business School
Downloads 80 (414,911)
Citation 1

Abstract:

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Complex plane, duration, internal rate of return, IRR, Macaulay, net present value, NPV

14.

A new approach to Student and Fisher using polynomial roots

Number of pages: 16 Posted: 08 Jun 2020 Last Revised: 08 Oct 2021
Timothy Falcon Crack, Michael Osborne, Malcolm Crack and Mark Osborne
University of Otago, University of Sussex Business School, University of Otago, Students and affiliation not provided to SSRN
Downloads 38 (582,311)
Citation 1

Abstract:

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Dual space, Complex plane, Roots of polynomials, Orthogonal decomposition, Sample variance, Student-t

15.

A Model Illustrating Multiple Interest Rate Analysis (MIRA)

Wolfram Demonstrations Project, (2015)
Posted: 15 Sep 2016
Michael Osborne and Edward O'Reilly
University of Sussex Business School and Independent

Abstract:

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Complex plane, duration, internal rate of return, IRR, Macaulay, net present value, NPV

16.

The Cambridge Capital Controversies: Contributions from the Complex Plane

Review of Political Economy, Vol. 28, No. 2, 2016
Posted: 27 Aug 2016
Michael Osborne and Ian Davidson
University of Sussex Business School and University of Sussex

Abstract:

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Cambridge; capital; complex plane; controversies; dual; polynomial; reswitching

17.

A Resolution to the NPV – IRR Debate?

Quarterly Review of Economics and Finance, Vol.50, No. 2, 2010
Posted: 21 Feb 2010 Last Revised: 29 Aug 2016
Michael Osborne
University of Sussex Business School

Abstract:

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Capital Budgeting, Complex Plane, Internal Rate of Return, Net Present Value

18.

On the Computation of a Formula for the Duration of a Bond that Yields Precise Results

Posted: 23 Aug 2004
Michael Osborne
University of Sussex Business School

Abstract:

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Duration, convexity, fixed income, bond, complex plane