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A practical financial transaction

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Summary

A definition of a practical financial transaction is given and it is proved straight from the definition that a practical transaction admits only one rate of interest. The transactions considered by Misra in his paper are thus shown to be only mathematically possible. Two new algebraic theorems are stated and proved.

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Authors
  1. G. S. Diwan
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  2. V. V. Narlikar
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Diwan, G.S., Narlikar, V.V. A practical financial transaction. Proc. Indian Acad. Sci. (Math. Sci.) 2, 182–184 (1935). https://doi.org/10.1007/BF03035800

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  • DOI: https://doi.org/10.1007/BF03035800

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