for each of the last six quarters manager L and M have provided you with a total dollar value of the funds they manage along with a quarterly contributions of withdrawals made by their clients ( note: contributions are indicated by positive numbers withdrawals by negative numbers.)

for each manager calculate:

A) her money waited return. do not round intermediate calculations. round your answers to two decimal places

B) her time waited return. do not round intermediate calculations period round your answers to two decimal places.

C) estimates of a quarterly performance returns using the Dietz approximation method assuming contributions/withdrawals are made exactly halfway through the quarter period do not round intermediate calculations. round your answers to two decimal places. use a minus sign to enter negative values if any

For each of the last six quarters, Managers L and M have provided you with the total dollar value of the funds they manage, along with the quarterly contributions or withdrawals made by their clients. (Note: Contributions are indicated by positive numbers, withdrawals by negative numbers.) MANAGER M Total Funds Contributions/ Withdrawals Quarter Initial 1 MANAGER L Total Funds Contributions/ Under Management Withdrawals $513,000 530,000 10,000 540,000 5,500 564,000 10,500 591,000 3,500 605,000 11,000 Under Management $721,000 697,000 652,000 633,000 618,000 605,000 2 -34,000 -34,000 -34,000 -34,000 -34,000 3 4 5 calculate For each a. her money-weighted return. Do not round intermediate calculations. Round your answers to two decimal places. Money-weighted return (Manager L): % Money-weighted return (Manager M): % b. her time weighted return. Do not round intermediate calculations. Round your answers to two decimal places. Time-weighted return (Manager L): % % Time-weighted return (Manager M): c. estimates of her quarterly performance returns using the Dietz approximation method, assuming contributions/withdrawals are made exactly halfway through the quarter. Do not round intermediate calculations. Round your answers to two decimal places. Use a minus sign to enter negative values, if any. Quarter Return (Manager L) Return (Manager M) 1 % % 2 % % 3 % % 4 % % 5 % %