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. A development finance specialist wants to evaluate annualized return of a certain investment portfolio. The following information is given; Y0: purchase one share of
. A development finance specialist wants to evaluate annualized return of a certain investment portfolio. The following information is given; Y0: purchase one share of FNB_Namibia for NAD65.40 Y1: purchase another share of FNB_ Namibia for NAD68.12 Y1: received a dividend on the first share of NAD0.75 Y2: purchase another share of FNB-Namibia for NAD75.95 Y2: received a dividend on the second share of NAD0.77 Y3: sell 3 shares for $82.76 per share Where Y=year, calculate the time-weighted rate of return on this portfolio? [5]
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