Use the Excel function XIRR to calculate the dollar-weighted average return between the first and final dates. Note: Round your answer to 2 decimal places. > Answer is complete but not entirely correct. Dollar-weighted average 26.93 %

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
icon
Related questions
Question

Nikul 

A household savings-account spreadsheet shows the following entries:
Date
1/1/2022
1/3/2022
3/20/2022
7/5/2022
12/2/2022
3/10/2023
4/7/2023
5/3/2023
Additions
2,500
4,000
1,500
13,460
3,000
Withdrawals
Dollar-weighted average
23,000
Value
148,000
198,000
Use the Excel function XIRR to calculate the dollar-weighted average return between the first and final dates.
Note: Round your answer to 2 decimal places.
Answer is complete but not entirely correct.
26.93 %
Transcribed Image Text:A household savings-account spreadsheet shows the following entries: Date 1/1/2022 1/3/2022 3/20/2022 7/5/2022 12/2/2022 3/10/2023 4/7/2023 5/3/2023 Additions 2,500 4,000 1,500 13,460 3,000 Withdrawals Dollar-weighted average 23,000 Value 148,000 198,000 Use the Excel function XIRR to calculate the dollar-weighted average return between the first and final dates. Note: Round your answer to 2 decimal places. Answer is complete but not entirely correct. 26.93 %
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 2 images

Blurred answer
Knowledge Booster
Trading
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Essentials Of Investments
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
FUNDAMENTALS OF CORPORATE FINANCE
FUNDAMENTALS OF CORPORATE FINANCE
Finance
ISBN:
9781260013962
Author:
BREALEY
Publisher:
RENT MCG
Financial Management: Theory & Practice
Financial Management: Theory & Practice
Finance
ISBN:
9781337909730
Author:
Brigham
Publisher:
Cengage
Foundations Of Finance
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education