26) What is the quarterly time-weighted investment for the above cash flows? You do not need to annualize the return.

28) What is the Effective Annual Rate (EAR) if the quarterly return is 2%?

30) What is the Equivalent Nominal Annual Rate (ENAR) if the quarterly return is 2%?

33) If a nominal rate is 6% and the inflation rate is 4%, what is the true real return?

\begin{tabular}{|l|l|l|} \hline Date & Portfolio Balance & Intermediate Cash Flow \\ \hline March 31, 2013 & 1,200,000 & \\ \hline April 30, 2013 & & 100,000 \\ \hline June 30, 2013 & 1,280,000 & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|} \hline Date & Portfolio Balance & Intermediate Cash Flow \\ \hline March 31, 2013 & 1,200,000 & \\ \hline April 30, 2013 & & 100,000 \\ \hline June 30, 2013 & 1,280,000 & \\ \hline \end{tabular}