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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. True False
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Financial Management Principles and Applications
Authors: Sheridan Titman, Arthur J. Keown, John H. Martin
13th edition
134417216, 978-0134417509, 013441750X, 978-0134417219
