The table below provides past performance of Maverick Mutual Fund. Bob has invested $10,000 in the fund on 31^st Dec 2019 and he still holds that investments. As on 30^th June 2021, the fund manager claims that the fund has earned an annualised return of 8.26% over the past 6 quarters. (see the details in table).

		Maverick Mutual Fund		Jenny's Investment Decisions
Dates		Unit Price	Quarterly Return		Buy	Sell
31/12/2019		14.49
31/03/2020		9.95	-31.33%		100 Units
30/06/2020		10.45	5.03%
30/09/2020		9.42	-9.86%		500 Units
31/12/2020		12.85	36.41%
31/03/2021		12.91	0.47%
30/06/2021		14.37	11.31%			600 Units
Average Quarterly Return	2.00%
Effective Average Annual Return	8.26%

Jenny also invested in Maverick Mutual Fund. She purchased 100 units of the fund on 31^st of March 2020 and again purchased another 500 units on 30^th September 2020. Finally, she sold all her Maverick Mutual Fund units on 30^th June 2021. Do you think Jenny earned higher rate of return than what Bob has earned from his investment in Maverick Mutual Fund? Why or Why not? (Numerical calculations are not necessary).

Answer rating: 100% (QA)

To determine whether Jenny earned a higher rate of return than Bob from her investment in Maverick M... View the full answer