Gutman, Eyal; Yagil, Joseph - In: Management Science 39 (1993) 12, pp. 1544-1551
Underlying the widely used multiple-investment-sinking fund (MISF) method for lease evaluation is the determination of a derived lease rate which is a specific rate that provides the lessor with the required yield on equity. To compute this derived lease rate, trial-and-error techniques are...