Question
You open an account on January 1st (t=0) with $100. On April 1st (t=0.25), the account is worth $110 and you deposit an amount $X.
You open an account on January 1st (t=0) with $100. On April 1st (t=0.25), the account is worth $110 and you deposit an amount $X. On December 31st (t=1), the account is worth $2X. If the time weighted return is 0%, what is the dollar weighted return?
Please explain.
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Money Banking And Financial Markets
Authors: Stephen Cecchetti, Kermit Schoenholtz
6th Edition
1260226786, 9781260226782
