The balance in an account on January 1st is $50,000. On April 1st, the balance is $51,000 and a deposit (positive transaclion) of $800 is made. On July 1st, the balance is $44,000 and a deposit (positive transacion) of $X is made. On October 1st, the balance is S40,000 and a deposit (positive transaction) of $1,800 is made. The balance on December 3st is $55,000. Given that the Dollar-weighted rate of return is 0%, determine the time-weighted rate of return. 1.30% 1.70% 1.42% -1.11% -1.72%
The balance in an account on January 1st is $50,000. On April 1st, the balance is $51,000 and a deposit (positive transaclion) of $800 is made. On July 1st, the balance is $44,000 and a deposit (positive transacion) of $X is made. On October 1st, the balance is S40,000 and a deposit (positive transaction) of $1,800 is made. The balance on December 3st is $55,000. Given that the Dollar-weighted rate of return is 0%, determine the time-weighted rate of return. 1.30% 1.70% 1.42% -1.11% -1.72%
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:The balance in an account on January 1st is $50,000. On April 1st, the balance is $51,000 and a deposit (positive transaction) of $800 is made. On July
1st, the balance is $44,000 and a deposit (positive transaction) of $X is made. On October 1st, the balance is S40,000 and a deposit (positive transaction)
of $1,800 is made. The balance on December 3st is $55.000. Given that the Dollar-weighted rate of return is 0%, determine the time-weighted rate of
return.
1.30%
1.70%
1.42%
-1.11%
-1.72%
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