Question
u are the manager of the Mighty Fine mutual fund. The following table reflects the activity of the fund during the last quarter. The fund
u are the manager of the Mighty Fine mutual fund. The following table reflects the activity of the fund during the last quarter. The fund started the quarter on January 1 with a balance of $140 million and will be liquidated at the end of March.
Calculate the quarterly dollar-weighted average return on the fund.
| Mighty Fine Mutual Fund | |||
| Monthly Data (measured at end of month) | |||
| January | February | March | |
| Net inflows ($ million) | 6.1 | -4.8 | 0 |
| HPR (%) | -1.10 | 6.50 | 5.80 |
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Essentials Of Health Care Finance
Authors: William O. Cleverley
3rd Edition
0834203413, 978-0834203419
