The three main tasks of a finance manager. Introduction: Finance managers are in charge of the budgetary decisions of a company. They deliver budgetary reports, coordinate investment activities, and create methodologies and strategies for the long-term money related objectives of their respective organization. They work in numerous spots that include banks and insurance agencies.

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Chapter 1.2, Problem 1CC

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To Determine: The three main tasks of a finance manager.

Introduction: Finance managers are in charge of the budgetary decisions of a company. They deliver budgetary reports, coordinate investment activities, and create methodologies and strategies for the long-term money related objectives of their respective organization. They work in numerous spots that include banks and insurance agencies.

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Assume an investor deposits $116,000 in a professionally managed account. One year later, the account has grown in value to $136,000 and the investor withdraws $43,000. At the end of the second year, the account value is $107,000. No other additions or withdrawals were made. During the same two years, the risk-free rate remained constant at 3.94 percent and a relevant benchmark earned 9.58 percent the first year and 6.00 percent the second. Calculate geometric average of holding period returns over two years. (You need to calculate IRR of cash flows over two years.) Round the answer to two decimals in percentage form.

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