2. We know that the geometric average (time-weighted return) on a risky investment is always lower than

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2. We know that the geometric average (time-weighted return) on a risky investment is always lower than the corresponding arithmetic average. Can the IRR (the dollar-weighted return) similarly be ranked relative to these other two averages?

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Investments

ISBN: 9780077261450

8th Edition

Authors: Zvi Bodie, Alex Kane, Alan J. Marcus

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Question Posted: Jul 24, 2024 08:01 AM

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2. We know that the geometric average (time-weighted return) on a risky investment is always lower than

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Investments

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