Hi all, I am just wondering if I can get some help on this question below.
#11. Which of the following statements least likely represents a characteristic of the time-weighted rate of return? It is:
A. not affected by the timing of each flows.
B. used to measure the compound rate of growth of $1 over a stated measurement period.
C. defined as the internal rate of return on an investment portfolio, taking into account all inflows and outflows.
The answer is C… and I believe it must be most likely represents a characteristic of the time-weighted rate of return…
Is this a simple erratum? or am I missing some bits?
regards,
J