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Yuri K. Shestopaloff, Alexander Yu. Shestopaloff
Solving the Puzzle of IRR Equation. Choosing
the Right Solution to Measure Investment Success. Second Revised Edition
Second Revised Edition, ISBN
978-1-927731-02-4
(9781927731024)
Published in 2015
First Edition,
ISBN
978-0-9813800-9-4 (9780981380094)
Published in 2011
The authors of
this book published many articles in peer-reviewed professional journals,
including several articles that received awards. This time, they study the
problem of multiple roots of IRR equation and introduce a novel “largest root”
rule for selecting the correct solution, which effectively resolves the puzzle
of IRR equation. Besides this main subject of the book, other important
approaches and concepts that relate to the problem and investment performance
measurement are considered, such as the concept of investment context. Within
this conceptual framework, the authors study and compare different methods for
calculating rates of return, such as IRR, Modified Dietz, TWRR, geometric
linking, NPV, MIRR, etc., and introduce improvements and generalizations of
existing methods and propose several new ones. The book also considers
algorithms for linking rates of return. Overall, the book provides an excellent,
concise but nonetheless comprehensive, overview of investment performance
measurement problems and related issues and presents well founded solutions. The
book was written for a wide audience of financial industry professionals,
academics and students studying finance and investment business.
News Release
Catalogue Record
Table of Contents
Preface
Sample excerpt
Reviews
Availability: Available (Fill out the Order form)
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