Monique had $13,000 in her account on October 1, 2019. On January 1, 2020 she deposited...
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Monique had $13,000 in her account on October 1, 2019. On January 1, 2020 she deposited $1000. On April 1, 2020, she withdrew $2000. On July 1, 2020 she deposited $3000. Then on October 1, 2020, her balance showed $16,500. What was her dollar-weighted annual yield rate? Compute it exactly, and compare to using the dollar-weighted yield approximation. Monique had $13,000 in her account on October 1, 2019. On January 1, 2020 she deposited $1000. On April 1, 2020, she withdrew $2000. On July 1, 2020 she deposited $3000. Then on October 1, 2020, her balance showed $16,500. What was her dollar-weighted annual yield rate? Compute it exactly, and compare to using the dollar-weighted yield approximation.
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Sol Dollar weighted annual yield refers to the rate of return at which cash inflows and c... View the full answer
Related Book For
Accounting for Governmental and Nonprofit Entities
ISBN: 978-1259917059
18th edition
Authors: Jacqueline L. Reck, James E. Rooks, Suzanne Lowensohn, Daniel Neely
Posted Date:
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