In cost of capital chapter , under YTM concept there is no concept clarity on some of the technical words like IRR, present value cash flows etc,. These concepts are explained in Investment decisions and time value chapters.Should we see the modules of these chapters before pursuing cost of capital to get concept clarity?
The IRR concept is basically explained at Foundation level and is also covered in Accounts. The topics explained are in the sequence of the institute material. So please go through Time value of money and Investment decisions chapters before you study the concept of YTM to understand the terms mentioned.