For each 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 withdraw indicated by positive numbers, withdrawals by negative numbers) Quarter Intial 1 2 3 4 MANAGER L Total Funds Under Management $487,000 503,000 545,000 531,000 555,000 590,000 Contributions/ withdrawals 11,000 9,500 16,500 4,500 13,000 a money weighted retum. Do not round intermediate calculations. Round your answers to two deomal places Moner weighed return (Hanager 13 Money weighted reture (Manager M her time-weghted return. Do not round intermediate calculations. Round your answers to two decimal places MANAGER M Total Funds Contributions/ Under Management withdrawals $600,000 493,000 655,000 630,000 611,000 624,000 -29,000 -29,000 -29,000 -29,000 -29,000 made by their clients. (Note: Contr Time weighted turn (Manager M estimates of her quarterly performance retums using the Dietz approximation method, assuming contributions/withdrawals are made exactly halfway through the quarter. De 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)
For each 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 withdraw indicated by positive numbers, withdrawals by negative numbers) Quarter Intial 1 2 3 4 MANAGER L Total Funds Under Management $487,000 503,000 545,000 531,000 555,000 590,000 Contributions/ withdrawals 11,000 9,500 16,500 4,500 13,000 a money weighted retum. Do not round intermediate calculations. Round your answers to two deomal places Moner weighed return (Hanager 13 Money weighted reture (Manager M her time-weghted return. Do not round intermediate calculations. Round your answers to two decimal places MANAGER M Total Funds Contributions/ Under Management withdrawals $600,000 493,000 655,000 630,000 611,000 624,000 -29,000 -29,000 -29,000 -29,000 -29,000 made by their clients. (Note: Contr Time weighted turn (Manager M estimates of her quarterly performance retums using the Dietz approximation method, assuming contributions/withdrawals are made exactly halfway through the quarter. De 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)
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...
Related questions
Question
100%
Transcribed Image Text:Problem 18-09
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, withdrawels by negative numbers.)
Quarter
Initial
1
2
3
4
MANAGER L
Total Funds
Under Management
$487,000
503,000
545,000
531,000
$55,000
590,000
Contributions/
Withdrawals
11,000
9,500
16,500
4,500
for each mariage calculate
aher money weighted retur. Do not round intermediate calculations. Round your answers to two decimal places
Honeywighed return (Hanager )
2
13,000
Honeyweighted reture (Manager M
her time weighted return. Do not round intermediate calculations. Round your answers to two decimal places
Time weighted return (Manager 13
4
MANAGER M
5
%
46
%
Total Funds
Under Management
$600,000
093,000
655,000
630,000
611,000
624,000
Contributions/
withdrawals
Time weighted return (Manager M)
estimates of her quarterly performance retums using the Dietz approximation method, assuming contributions/withdrawals are made exactly halfway through the quarter De 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 (Hanager H)
-29,000
-29,000
-29,000
-29,000
-29,000
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps with 2 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.Recommended textbooks for you
Essentials of Business Analytics (MindTap Course …
Statistics
ISBN:
9781305627734
Author:
Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:
Cengage Learning
Financial Accounting: The Impact on Decision Make…
Accounting
ISBN:
9781305654174
Author:
Gary A. Porter, Curtis L. Norton
Publisher:
Cengage Learning
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT
Essentials of Business Analytics (MindTap Course …
Statistics
ISBN:
9781305627734
Author:
Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:
Cengage Learning
Financial Accounting: The Impact on Decision Make…
Accounting
ISBN:
9781305654174
Author:
Gary A. Porter, Curtis L. Norton
Publisher:
Cengage Learning
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT