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Question 1 An investor has placed her funds with a fund manager. She initially invests $ 1 6 0 , 0 0 0 . A

Question 1
An investor has placed her funds with a fund manager.
She initially invests $160,000.
A year larier, at the end of Year 1, the portfolio has grown in value to $210,000.
At the end of Year 1, she invests another $40,000.
During Year 2 the portfolio loses $30,000 in value.
At the end of Year 2, the investor invests another $60,000.
At the end of Year 3, the portfolio is worth $350,000.
(b) What is the value of the return from the point of view of the portfolio manager?

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