Which of the Following Statements Is TRUE with Regard to the ERR

question 14

Multiple Choice

Which of the following statements is TRUE with regard to the ERR?

• A)The approximate ERR is just a proxy for the IRR.
• B)The precise ERR is a proxy for the IRR.
• C)For a simple investment, the precise ERR is greater than the IRR.
• D)For a simple investment, the approximate ERR is greater than the IRR.
• E)The approximate ERR can be used to evaluate a project, whether a simple investment or not.

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