For project 4, the signs of the cash flows are + - +. Because the signs of the cash flows change twice, a unique IRR is not guaranteed in this case either.
对于项目4现金流的符号是+- +.由于现金流的符号变化了2次这里唯一的IRR也是不确定的。
For project 3, the signs of the cash flows are - + - +. Because the sign of the cash flows changes three times, a unique IRR is not guaranteed.
对于项目3现金流的符号是- + - +.由于现金流的符号变化了3次唯一的IRR是不确定的。
Not surprising – but whatever the reason, or the fund manager's judgment, the IRR is a poor guide to the investor.
这并不奇怪，但无论出于何种理由，也不管基金经理的判断如何，对于投资者而言，内部回报率都是一个差劲的指标。
Not surprising – but whatever the reason, or the fund manager's judgment, the IRR is a poor guide to the investor.
这并不奇怪，但无论出于何种理由，也不管基金经理的判断如何，对于投资者而言，内部回报率都是一个差劲的指标。
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