Fund had a value of $32,000 on 1 April 2011. A net cash ow of $7,000 was received on 1 April 2012, a further net cash ow of $8.000 was received on 1 April 2013, and a further net cash ow of $12,000 was received on 1 April 2014. Immediately before receipt of the _rst net cash ow, the fund had a value of $35,000, immediately before receipt of the second net cash flow, the fund had a value of $45,000, and immediately before receipt of the third net cash ow, the fund had a value of $55,000. The value of the fund on 1 April 2015 was $65,000. The money weighted rate of return per annum for the same period is Select one: O a. 4.22% O b. 6.19% O c. 3.17% O d. 5.16% e. 8.41%

Fund had a value of $32,000 on 1 April 2011. A net cash ow of $7,000 was received on 1 April 2012, a further net cash ow of $8.000 was received on 1 April 2013, and a further net cash ow of $12,000 was received on 1 April 2014. Immediately before receipt of the _rst net cash ow, the fund had a value of $35,000, immediately before receipt of the second net cash flow, the fund had a value of $45,000, and immediately before receipt of the third net cash ow, the fund had a value of $55,000. The value of the fund on 1 April 2015 was $65,000. The money weighted rate of return per annum for the same period is Select one: O a. 4.22% O b. 6.19% O c. 3.17% O d. 5.16% e. 8.41%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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