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On April 30 a pension fund owned 71478893 units of a unit trust on that day the net assets value (NAV) was & 8,14. Thus
On April 30 a pension fund owned 71478893 units of a unit trust on that day the net assets value (NAV) was \& 8,14. Thus the pensions investment in the fund was $51838189 On May 13, 9 \$1 250000000 contribution was made when net asset value (NAV) was \$8,36. By monthend the value of the investment was $772539980. Compute the time weighted Return (RWR) generated by the fund manager
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Cases In Financial Reporting
Authors: Ellen Engel, D. Eric Hirst, Mary Lea McAnally
7th Edition
1934319791, 9781934319796
