Which of the following statements about the relationship between the irr and the mirr is correct?

a typical firm’s irr will be equal to its mirr.
a typical firm’s irr will be greater than its mirr.
a typical firm’s irr will be less than its mirr.

Kimberly has been jonah in preparing his personal income tax forms for a couple of years. jonah's boss recommended kimberly because she had done a good job setting up the company's new accounting system. jonah is very satisfied with kimberly's work and feels that the fees she charges are quite reasonable. kimberly would be classified as a(n) (a) independent auditor (b) private accountant (c) public accountant (d) accounting broker