求IRR

NO.PZ2022123001000150问题如下 A funreceives investments thebeginning of eayeangenerates returns for three years follows:Exhibit 1: Investments anReturns forThree YearsWhireturn measure over thethree-yeperiois negative? A.Geometric mereturnB.Time-weighterate of returnC.Money-weighterate of return C is correct. The money-weighterateof return consirs both the timing anamounts of investments into the funTo calculate the money-weighterate of return, tabulate the annureturns annvestment amounts to termine the cash flows.CF0 = –US,000, CF1= –US,850, CF2 = –US0,440, CF3 = +US3,200.CF0 = − 1, 000 CF1 =− 2, 850 CF2 = − 40, 440 CF3 = + 43, 200Solving for IRR results in a value ofIRR = −2.22 percent.Note thA anB are incorrectbecause the time-weighterate of return (TWR) of the funis the same thegeometric mereturn of the funanis positive:RT W = [(1.15) (1.14)(0.96)]1/3 − 1 = 7.97% . 第二行new investment 怎么算出来？

NO.PZ2022123001000150 问题如下 A funreceives investments thebeginning of eayeangenerates returns for three years follows:Exhibit 1: Investments anReturns forThree YearsWhireturn measure over thethree-yeperiois negative? A.Geometric mereturn B.Time-weighterate of return C.Money-weighterate of return C is correct. The money-weighterateof return consirs both the timing anamounts of investments into the funTo calculate the money-weighterate of return, tabulate the annureturns annvestment amounts to termine the cash flows.CF0 = –US,000, CF1= –US,850, CF2 = –US0,440, CF3 = +US3,200.CF0 = − 1, 000 CF1 =− 2, 850 CF2 = − 40, 440 CF3 = + 43, 200Solving for IRR results in a value ofIRR = −2.22 percent.Note thA anB are incorrectbecause the time-weighterate of return (TWR) of the funis the same thegeometric mereturn of the funanis positive:RT W = [(1.15) (1.14)(0.96)]1/3 − 1 = 7.97% . the beginning of 1 ye有1000，那不是0时刻就应该1000了吗？怎么是0

NO.PZ2022123001000150 问题如下 A funreceives investments thebeginning of eayeangenerates returns for three years follows:Exhibit 1: Investments anReturns forThree YearsWhireturn measure over thethree-yeperiois negative? A.Geometric mereturn B.Time-weighterate of return C.Money-weighterate of return C is correct. The money-weighterateof return consirs both the timing anamounts of investments into the funTo calculate the money-weighterate of return, tabulate the annureturns annvestment amounts to termine the cash flows.CF0 = –US,000, CF1= –US,850, CF2 = –US0,440, CF3 = +US3,200.CF0 = − 1, 000 CF1 =− 2, 850 CF2 = − 40, 440 CF3 = + 43, 200Solving for IRR results in a value ofIRR = −2.22 percent.Note thA anB are incorrectbecause the time-weighterate of return (TWR) of the funis the same thegeometric mereturn of the funanis positive:RT W = [(1.15) (1.14)(0.96)]1/3 − 1 = 7.97% . TWR等于几何平均？但是我看讲义的公式TWR不用开方，几何平均要开方呀

NO.PZ2022123001000150 问题如下 A funreceives investments thebeginning of eayeangenerates returns for three years follows:Exhibit 1: Investments anReturns forThree YearsWhireturn measure over thethree-yeperiois negative? A.Geometric mereturn B.Time-weighterate of return C.Money-weighterate of return C is correct. The money-weighterateof return consirs both the timing anamounts of investments into the funTo calculate the money-weighterate of return, tabulate the annureturns annvestment amounts to termine the cash flows.CF0 = –US,000, CF1= –US,850, CF2 = –US0,440, CF3 = +US3,200.CF0 = − 1, 000 CF1 =− 2, 850 CF2 = − 40, 440 CF3 = + 43, 200Solving for IRR results in a value ofIRR = −2.22 percent.Note thA anB are incorrectbecause the time-weighterate of return (TWR) of the funis the same thegeometric mereturn of the funanis positive:RT W = [(1.15) (1.14)(0.96)]1/3 − 1 = 7.97% . A funreceives investments the beginning of eayeangenerates returns for three years follows:Exhibit 1: Investments anReturns for Three YearsWhireturn measure over the three-yeperiois negative?您的回答正确答案是: CA不正确Geometric mereturnBTime-weighterate of returnCMoney-weighterate of return