A fund begins with $10M and reports the following monthly results (negative figures in parentheses) Net Inflows ($M) HPR (%) Month 1 3 2 Month 2 5 8 Month 3 0 (4) - What are the arithmetic average, geometric average, and dollar-weighted average returns?

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Y8

A fund begins with $10M and reports the
following monthly results (negative figures
in parentheses)
Net Inflows ($M)
HPR (%)
Month 1
3
2
Month 2
5
8
Month 3
0
(4)
What are the arithmetic average, geometric
average, and dollar-weighted average
returns?
Transcribed Image Text:A fund begins with $10M and reports the following monthly results (negative figures in parentheses) Net Inflows ($M) HPR (%) Month 1 3 2 Month 2 5 8 Month 3 0 (4) What are the arithmetic average, geometric average, and dollar-weighted average returns?
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