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#finance #steiner-mastering-financial-calculations-3ed
time-weighted rate or return might be preferred to money-weighted rate of return (aka internal rate of return) for comparing the management of two funds for example, because the addition of new money is outside the control of the fund manager.
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owner: piotr.wasik - (no access) - Mastering Financial Calculations 3ed (Steiner), p19


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