(SOA Sample Question) An association had a fund balance of 75 on January 1 and 60 on December 31. At the end of every month during the year, the association deposited 10 from membership fees. There were withdrawals of 5 on February 28, 25 on June 30, 80 on October 15, and 35 on October 31. Calculate the dollar-weighted (money-weighted) cate of return for the year.
(SOA Sample Question) An association had a fund balance of 75 on January 1 and 60 on December 31. At the end of every month during the year, the association deposited 10 from membership fees. There were withdrawals of 5 on February 28, 25 on June 30, 80 on October 15, and 35 on October 31. Calculate the dollar-weighted (money-weighted) cate of return for the year.
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
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Transcribed Image Text:1. (SOA Sample Question) An association had a fund balance of 75 on January 1 and 60 on
December 31. At the end of every month during the year, the association deposited 10
from membership fees. There were withdrawals of 5 on February 28, 25 on June 30, 80
on October 15, and 35 on October 31. Calculate the dollar-weighted (money-weighted)
rate of return for the year.
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