Question
Carrie, after selling all of her shares of DD Company, decided to transact in a mutual fund in January 1, 2010. She listed the funds
Carrie, after selling all of her shares of DD Company, decided to transact in a mutual fund in January 1, 2010. She listed the funds returns over a three-year period as shown below:
|
| Year | ||
|
| 1 | 2 | 3 |
| New Investment at the Beginning of the Year | $5000 | $1000 | $500 |
| Investment Return for the Year | 3% | 10% | 2% |
| Withdrawal by the Investor at the End of the Year | $0 | $200 | $100 |
Based on these data, the money-weighted return for the investor is closest to:
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The Handbook Of Professionally Managed Assets A Definitive Guide To Profiting From Alternative Investments
Authors: Keith Fevurly
1st Edition
143026019X, 978-1430260196
