At the beginning of Year 1, a fund has $10 million under management; it earns a return
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Question:
At the beginning of Year 1, a fund has $10 million under management; it earns a return of 22% for the year. The fund attracts another $50 million at the start of Year 2 and earns a return of 12% for that year.
Calculate both the money weighted rate of return and time weighted rate of return
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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