Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You are the manager of the Mighty Fine mutual fund. The following table reflects the activity of the fund during the last quarter. The fund

image text in transcribed
You 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 $140 million Mighty Fine Mutual Fund Monthly Data (measured at end of month) JanuaryFebruary March Net inflows ($ million) HPR (%) 6.1 1.10 4.8 6.50 5.80 a. Calculate the quarterly arithmetic average return on the fund. (Round your answer to 2 decimal places.) Arithmetic average b. Calculate the quarterly geometric (time-weighted) average retum on the fund. (Round your answer to 2 decimal places) Geometric average c. Calculate the quarterly dollar-weighted average return on the fund. (Round your answer to 2 decimal places.) Dollar-weighted average return 3.73 % 3.68 %

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

M: Finance

Authors: Marcia Cornett, Troy Adair, John Nofsinger

5th Edition

1260772357, 9781260772357

More Books

Students also viewed these Finance questions

Question

It would have cost more to complain.

Answered: 1 week ago