When two mutually exclusive projects with conventional cash flows are being ranked, the net present value (NPV) and internal rate of return (IRR) decision rules are most likely to conflict when the:
A. Projects have similar timing of cash flows.
B. Projects' investments are of different scale.
C. Projects have multiple IRRs
An analyst collects the following set of past stock returns: -2.3%, -5.1%, 7.6%, 8.2%, 9.1%, and 9.8%. Which of the following measures of return is most likely the highest?
A. Median return
B. Geometric mean return
C. Arithmetic mean return