1. The balance of a mutual fund on January 1, 2021 is 1,000. The following table includes all cash flow information over the one-year period ending on December 31, 2021: Date Value of fund immediately Cash flow zam prior to the cash flow 1,200 1,500 1,100 200 -500 200 March 31, 2021 June 30, 2021 September 30, 2021 The balance of the mutual fund on December 31, 2021, is X. The annual effective time weighted rate of return 20.888%. Using a simple interest approximation, determine the dollar weighted rate of return.
1. The balance of a mutual fund on January 1, 2021 is 1,000. The following table includes all cash flow information over the one-year period ending on December 31, 2021: Date Value of fund immediately Cash flow zam prior to the cash flow 1,200 1,500 1,100 200 -500 200 March 31, 2021 June 30, 2021 September 30, 2021 The balance of the mutual fund on December 31, 2021, is X. The annual effective time weighted rate of return 20.888%. Using a simple interest approximation, determine the dollar weighted rate of return.
Essentials of Business Analytics (MindTap Course List)
2nd Edition
ISBN:9781305627734
Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Chapter3: Data Visualization
Section: Chapter Questions
Problem 6P: The file MutualFunds contains a data set with information for 45 mutual funds that are part of the...
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