For each the last six quarters, Managers L and M have provided you with the total dollar value of the funds they manage, along with the quarterly contributions or withdraw indicated by positive numbers, withdrawals by negative numbers) Quarter Intial 1 2 3 4 MANAGER L Total Funds Under Management $487,000 503,000 545,000 531,000 555,000 590,000 Contributions/ withdrawals 11,000 9,500 16,500 4,500 13,000 a money weighted retum. Do not round intermediate calculations. Round your answers to two deomal places Moner weighed return (Hanager 13 Money weighted reture (Manager M her time-weghted return. Do not round intermediate calculations. Round your answers to two decimal places MANAGER M Total Funds Contributions/ Under Management withdrawals $600,000 493,000 655,000 630,000 611,000 624,000 -29,000 -29,000 -29,000 -29,000 -29,000 made by their clients. (Note: Contr Time weighted turn (Manager M estimates of her quarterly performance retums using the Dietz approximation method, assuming contributions/withdrawals are made exactly halfway through the quarter. De not round intermediate calculations Round your answers to two decimal places. Use a minus sign to enter negative values, if any Quarter Return (Manager L) Return (Manager M)
For each the last six quarters, Managers L and M have provided you with the total dollar value of the funds they manage, along with the quarterly contributions or withdraw indicated by positive numbers, withdrawals by negative numbers) Quarter Intial 1 2 3 4 MANAGER L Total Funds Under Management $487,000 503,000 545,000 531,000 555,000 590,000 Contributions/ withdrawals 11,000 9,500 16,500 4,500 13,000 a money weighted retum. Do not round intermediate calculations. Round your answers to two deomal places Moner weighed return (Hanager 13 Money weighted reture (Manager M her time-weghted return. Do not round intermediate calculations. Round your answers to two decimal places MANAGER M Total Funds Contributions/ Under Management withdrawals $600,000 493,000 655,000 630,000 611,000 624,000 -29,000 -29,000 -29,000 -29,000 -29,000 made by their clients. (Note: Contr Time weighted turn (Manager M estimates of her quarterly performance retums using the Dietz approximation method, assuming contributions/withdrawals are made exactly halfway through the quarter. De not round intermediate calculations Round your answers to two decimal places. Use a minus sign to enter negative values, if any Quarter Return (Manager L) Return (Manager M)
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
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Problem 18-09
For each of the last six quarters, Managers L and M have provided you with the total dollar value of the funds they manage, along with the quarterly contributions or withdrawals made by their clients. (Note: Contributions are
indicated by positive numbers, withdrawels by negative numbers.)
Quarter
Initial
1
2
3
4
MANAGER L
Total Funds
Under Management
$487,000
503,000
545,000
531,000
$55,000
590,000
Contributions/
Withdrawals
11,000
9,500
16,500
4,500
for each mariage calculate
aher money weighted retur. Do not round intermediate calculations. Round your answers to two decimal places
Honeywighed return (Hanager )
2
13,000
Honeyweighted reture (Manager M
her time weighted return. Do not round intermediate calculations. Round your answers to two decimal places
Time weighted return (Manager 13
4
MANAGER M
5
%
46
%
Total Funds
Under Management
$600,000
093,000
655,000
630,000
611,000
624,000
Contributions/
withdrawals
Time weighted return (Manager M)
estimates of her quarterly performance retums using the Dietz approximation method, assuming contributions/withdrawals are made exactly halfway through the quarter De not round intermediate calculations
Round your answers to two decimal places. Use a minus sign to enter negative values, if any
Quarter Return (Manager L) Return (Hanager H)
-29,000
-29,000
-29,000
-29,000
-29,000
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