Promislow, S. David et Spring, David, General Financial Transactions and Applications to the Theory of Teichroew Robichek & Montalbano, Actuarial research clearing house ARCH;A.R.C.H. , 1(1), 1993, pp. 283-290
The theory of Teichroew, Robicheck, and Montalbano is concerned with assigning internal rates of retur to arbitrary financial projects. Their work was carried out in a discrete model. Our goal is to establish the main results in a more general setting, where cash flows are given by signed measures.