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Internal rate of return (IRR) tends to understate total return when cash flows are reinvested at a higher rate because it assumes reinvestment at the
Internal rate of return (IRR) tends to understate total return when cash flows are reinvested at a higher rate because it assumes reinvestment at the internal rate of return. Internal rate of return (IRR) tends to understate total return when cash flows are reinvested at a higher rate because it assumes reinvestment at the internal rate of return. True False
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Fundamentals of Investments Valuation and Management
Authors: Bradford Jordan, Thomas Miller
7th edition
978-0078096785, 78096782, 978-0077861636, 77861639, 978-0078115660
