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6) You are given the following information about an investment fund over the course of a single calendar year: The beginning-of-year fund balance is 600,000.
6) You are given the following information about an investment fund over the course of a single calendar year: The beginning-of-year fund balance is 600,000. . On May 1, 100,000 is withdrawn from the fund. (and just prior to this withdrawal, the fund balance was 630,000) . On November 1, 50,000 is deposited into the fund. (and just prior to this withdrawal, the fund balance was 583,000). The end-of-year fund balance is 582,360. a) Calculate the dollar-weighted rate of interest for the year. (5 points) 6) You are given the following information about an investment fund over the course of a single calendar year: The beginning-of-year fund balance is 600,000. . On May 1, 100,000 is withdrawn from the fund. (and just prior to this withdrawal, the fund balance was 630,000) . On November 1, 50,000 is deposited into the fund. (and just prior to this withdrawal, the fund balance was 583,000). The end-of-year fund balance is 582,360. a) Calculate the dollar-weighted rate of interest for the year. (5 points)
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