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The performance of an investment fund is to be evaluated over a two year period starting from 1 st January 2 0 1 7 .
The performance of an investment fund is to be evaluated over a two year period starting from st January The given fund had a value of
mil on the st January that had increased to mil by the st January During this period, the fund had received a net cash flow of on the st January that was followed by a further net cash flow of on the st July It is estimated that immediately before the receipt of these net cash flows the fund had a value of mil and mil, respectively.
For the given year valuation period estimate, to the nearest the following annual effective rates of return:
a The timeweighted rate of return earned on the fund;
b The moneyweighted rate of return earned on the fund;
c The linked internal rate of return using subintervals of a calendar year.
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