IRR/NPV Question for all... synonymous, determine, following, interest, account

ruchita

Which of the following is least accurate?
a) In the study of bonds, the internal rate of return is synonymous with the yield to maturity
b) The internal rate of return is the timeweighted rate of return on the portfolio, taking account of all cash flows
c) Internal rates of returns and internal rate of return rankings are not affected by any external interest rate b/c a project’s cash flows alone determine the internal rate of return
d) When the NPV and the IRR rules rank mutually exclusive investments differently, we should follow the NPV rule b/c it directly relates to shareholder wealth maximization