Question
1. Given the following chart, what is the dollar-weighted return for the year? (Challenge Question use CF button on calculator) 1st Quarter 2nd Quarter 3rd
1. Given the following chart, what is the dollar-weighted return for the year? (Challenge Question use CF button on calculator)
| 1st Quarter | 2nd Quarter | 3rd Quarter | 4th Quarter | |
| Assets under management at start of quarter | 10 | 12.3 | 14.215 | 9.4828 |
| Holding-period return (%) | 8% | 5% | -15% | 9% |
| Total assets before net inflows | 10.8 | 12.915 | 12.083 | 10.336 |
| Net inflow ($ million) | 1.5 | 1.3 | 2.6 | 0.4 |
| Assets under management at end of quarter | 12.3 | 14.215 | 9.4828 | 10.736 |
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How does the internal rate of return (IRR) compare with the dollar-weighted return?
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Entrepreneurial Finance
Authors: Steven Rogers
4th Edition
1260461440, 978-1260461442
