18.9

For each of the last six quarters, Managers L and M have provided you with the total dollar value of the funds they manage, along with the quarterly contributions or withdrawals made by their dients. (Note: Contributions are indicated by positive numbers, withdrawals by negative numbers.) For each manager, calculate: a. her moner-weighted return, Do not round intermedate cakulations. Round your answers to two decimal places. Money-weighted return (Manager L): Wh Money-weighted return (Manager M ): b. her time-weighted return. Do not round intermediate caiculations, Round your answers to two decimal places. Time-weighted return (Manager L )! \% Time-weighted return (Manager M): \% c. estimates of her quarterly performance returns using the Dietz approvimation method, assuming contributions/withdrawals are made exactly halfway through the quarter. estimates of her quarterly performance returns using the Diedz approcesal places. Use a minus sign to enter negative values, if any. Do not round intermediate calculations. Round your answers to fwo decimal