Marsh invested in cryptocurrency that grew by 250% over six months. During this period, Marsh invested $10,000
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Marsh invested in cryptocurrency that grew by 250% over six months. During this period, Marsh invested $10,000 at the beginning of each of the six months (dollar cost averaging). The fund reported a 1-year average return of 187%. The reason why Denny's return is higher than the fund's return may be because: Group of answer choices Neither of these is correct. Both of these are correct. He used dollar-cost-averaging. Marsh' return is time weighted and the fund's return was annualized.
Related Book For
Intermediate Accounting
ISBN: 978-0470161012
9th Canadian Edition, Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
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