Question
Wilson invests 2200 dollars in a mutual fund on January 1. On May 1, his fund balance is 7000 dollars, and he withdraws 1500 dollars.
Wilson invests 2200 dollars in a mutual fund on January 1. On May 1, his fund balance is 7000 dollars, and he withdraws 1500 dollars. On the following January 1, his fund balance is 3000 dollars. What is Wilson's time-weighted rate of return?
Answer = percent. ( 3 decimal place)
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Peggy L. Hedges, Philip Chang, Keith C. Brown, Hedges Reilly Brown
1st Canadian Edition
0176500693, 978-0176500696
