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Investing Glossary:
Internal rate of return (IRR)
Copyright 2009,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Term: |
| Internal rate of return (IRR)
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| Definition: |
| Dollar-weighted rate of return. Discount rate at which Net present value (NPV) Investment is zero. The rate at which a bond`s future Cash flows, discounted back to today, equal its price.
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