单选题
编号：2690554
1. Which of the following statements least likelyrepresents a characteristic of the time-weighted rate of return? It is:
- A.Not affected by the timing of cash flows.
- B.Used to measure the compound rate of growth of $1 over a stated measurement period.
- C.Defined as the internal rate of return on an investment portfolio,taking into account all inflows and outflows.