The internal rate of return method for calculating an annual interest rate $($yield$)$

Group of answer choices

provides an approximation that is not accurate enough for most business purposes.

works for principal$-$and$-$interest credit instruments $($coupon bonds$)$ but not for others.

is necessary because of the inability of algebra to provide us with an interest$-$rate formula for multiple$-$payment credit instruments.

All of the above are correct.