Question
Calculate the time-weighted rate of return for the monthly account activity shown here: Cash Flow Month Terminal Value Balance Carried Forward $23,000 +200 June 23,556
Calculate the time-weighted rate of return for the monthly account activity shown here:
| Cash Flow | Month | Terminal Value |
|
| Balance Carried Forward | $23,000 |
| +200 | June | 23,556 |
| +200 | July | 24,556 |
| -500 | August | 23,965 |
| -500 | September | 23,100 |
| +200 | October | 22,900 |
(10 marks)
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Introduction To Finance
Authors: Lawrence J Gitman, Jeff Madura
1st Edition
0201635372, 9780201635379
