Question
A portfolio managers five months rate of returns is as the following: Month 1 Month 2 Month 3 Month 4 Month 5 5% -3% 0%
A portfolio managers five months rate of returns is as the following:
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 |
| 5% | -3% | 0% | -5% | 10% |
Whats the managers time-weighted return?
| A. | 1.25%
| |
| B. | 10.14%
| |
| C. | 9.00%
| |
| D. | 5.10%
|
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Auditing Cases An Active Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
2nd Edition
0130674842, 978-0130674845
