ESSENTIALS OF INVESTMENTS - CONNECT ACCE
ESSENTIALS OF INVESTMENTS - CONNECT ACCE
11th Edition
ISBN: 9781266077951
Author: Bodie
Publisher: INTER MCG
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Chapter 18, Problem 3PS
Summary Introduction

To determine:

To measure the relativeness of the internal rate of return with respect to geometric average (time-weighted return) or arithmetic average

Introduction:

Internal rate of return is proportionally related to arithmetic and geometric average but as a whole it is useful in measuring cash flows thereby reflecting investment performance quantitatively.

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