Question
A picture of a handwritten solution will be greatly appreciated! The value of the assets held by an investment fund on January 1, 2012 was
A picture of a handwritten solution will be greatly appreciated!
The value of the assets held by an investment fund on January 1, 2012 was 1.3 million (note that is the symbol for the British Pound, the currency of the United Kingdom). On September 30, 2012, the value of the assets was 1.9 million. On October 1, 2012, there was a net cash outflow from the fund of 0.9 million. On December 31, 2012, the value of the assets was 0.8 million. Calculate the annual effective timeweighted rate of return for 2012 and the annual effective dollar-weighted rate of return for 2012 to the nearest.
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