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Hi, I'm trying to solve for the money-weighted average and Dietz approximation. Please give me some guidelines, thank you! 5 For each of the last
Hi, I'm trying to solve for the money-weighted average and Dietz approximation. Please give me some guidelines, thank you!
5 For each of the last six quarters, Managers L and M have provided you with the total euro value of the funds they manage, along with the quarterly contri- butions or withdrawals made by their clients. (Note: Contributions are indicated by positive numbers, withdrawals by negative numbers.) Manager L Manager M Quarter Tota Contri- T Contri- With- manage- drawals manage drawals funds butions funds butions/ under With- under ment 700000 ment Initial 500000 52700012000 692000-35000 530000 750O 66300035000 555000 13500 621 00035 000 580000 6500 61200035000 625000 10000 62500035000 2 3565.00 61000 -35000 4 5 For each manager, calculate: (a) his or her money-weighted return; (b) his or her time-weighted return; and (c) estimates of his or her quarterly performance returns using the Dietz approximation method, assuming contributions/withdrawals are made exactly halfway through the quarterStep by Step Solution
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