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You manage a portfolio that receives dividends and makes payments in irregular intervals during the year. You begin on January 1 2020 with KES 10,000,000
You manage a portfolio that receives dividends and makes payments in irregular intervals during the year. You begin on January 1 2020 with KES 10,000,000 in the portfolio. You invest it at a daily rate of 0.03%. On January 17, you receive a dividend of KES 500,000 on and on January 24, you make a payment of KES 250,000. Assume that the daily rate of 0.03% is constant throughout the month of January 2020. Now answer the questions that follow Question 15 Not yet answered Marked out of 2.00 P Flag question What is the ending value of the portfolio on January 31? write to the nearest one e.g. 574203
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