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What is the principal inflow and what is the principal outflow from a bond refunding situation?
APR
Annual Percentage Rate, encompassing the annual rate charged for borrowing or earned through an investment, inclusive of any fees or additional costs.
Dollar-Weighted Return
A measure of an investment's performance that takes into account the timing and amount of all cash inflows and outflows.
Geometric Average Return
The average rate of return on an investment that is calculated by multiplying n variables and then taking the n-th root of the product.
Arithmetic Average Return
The simple mean of a set of returns, calculated by summing the returns over a period and dividing by the number of periods.
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