You are the manager of the Mighty Fine mutual fund. The following table reflects the activity of
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Question:
You are the manager of the Mighty Fine mutual fund. The following table reflects the activity of the fund during the last quarter. The fund started the quarter on January 1 with a balance of $40 million.
a. Calculate the quarterly arithmetic average return on the fund. (Round your answer to 2 decimal places.)
Arithmetic average 1.93 %
b. Calculate the quarterly geometric (time-weighted) average return on the fund. (Round your answer to 2 decimal places.)
Geometric average 1.85 %
c. Calculate the quarterly dollar-weighted average return on the fund. (Round your answer to 2 decimal places.)
Dollar-weighted average return %
Related Book For
Managerial Economics and Business Strategy
ISBN: 978-0073523224
8th edition
Authors: Michael Baye, Jeff Prince
Posted Date: