For each of the last six quarters, Managers L and M have provided you with the total dollar value of the funds they manage, along with the quarterly contributions or withdrawals made by their clients. (Note: Contributions are indicated by positive numbers, withdrawals by negative numbers.) Quarter Initial 1 2 3 4 5 Total Funds Under Management MANAGER L $487,000 513,000 529,000 542,000 577,000 604,000 % % % Contributions/ Withdrawals For each manager, calculate: a. her money-weighted return. Do not round intermediate calculations. Round your answers to two decimal places. Money-weighted return (Manager L): 11,000 5,500 11,500 2,500 17,000 Money-weighted return (Manager M): b. her time-weighted return. Do not round intermediate calculations. Round your answers to two decimal places. Time-weighted return (Manager L): 2 3 4 MANAGER M 5 Total Funds Contributions/ Under Management Withdrawals $699,000 688,000 666,000 617,000 631,000 611,000 Time-weighted return (Manager M): % c. estimates of her quarterly performance returns using the Dietz approximation method, assuming contributions/withdrawals are made exactly halfway through the quarter. Do not round intermediate calculations. Round your answers to two decimal places. Use a minus sign to enter negative values, if any. Quarter Return (Manager L) Return (Manager M) 1 % % % % % -37,000 -37,000 -37,000 -37,000 -37,000 % % % % %
For each of the last six quarters, Managers L and M have provided you with the total dollar value of the funds they manage, along with the quarterly contributions or withdrawals made by their clients. (Note: Contributions are indicated by positive numbers, withdrawals by negative numbers.) Quarter Initial 1 2 3 4 5 Total Funds Under Management MANAGER L $487,000 513,000 529,000 542,000 577,000 604,000 % % % Contributions/ Withdrawals For each manager, calculate: a. her money-weighted return. Do not round intermediate calculations. Round your answers to two decimal places. Money-weighted return (Manager L): 11,000 5,500 11,500 2,500 17,000 Money-weighted return (Manager M): b. her time-weighted return. Do not round intermediate calculations. Round your answers to two decimal places. Time-weighted return (Manager L): 2 3 4 MANAGER M 5 Total Funds Contributions/ Under Management Withdrawals $699,000 688,000 666,000 617,000 631,000 611,000 Time-weighted return (Manager M): % c. estimates of her quarterly performance returns using the Dietz approximation method, assuming contributions/withdrawals are made exactly halfway through the quarter. Do not round intermediate calculations. Round your answers to two decimal places. Use a minus sign to enter negative values, if any. Quarter Return (Manager L) Return (Manager M) 1 % % % % % -37,000 -37,000 -37,000 -37,000 -37,000 % % % % %
Essentials of Business Analytics (MindTap Course List)
2nd Edition
ISBN:9781305627734
Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Chapter3: Data Visualization
Section: Chapter Questions
Problem 6P: The file MutualFunds contains a data set with information for 45 mutual funds that are part of the...
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