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.) MANAGER L MANAGER M Total Funds Contributions/ Total Funds Contributions/ Quarter Under Management Withdrawals Under Management Withdrawals Initial $513,000 — $721,000 — 1 530,000 10,000 697,000 -34,000 2 540,000 5,500 652,000 -34,000 3 564,000 10,500 633,000 -34,000 4 591,000 3,500 618,000 -34,000 5 605,000 11,000 605,000 -34,000 For each manager, calculate: her money-weighted return. Do not round intermediate calculations. Round your answers to two decimal places. Money-weighted return (Manager L): % Money-weighted return (Manager M): % her time-weighted return. Do not round intermediate calculations. Round your answers to two decimal places. Time-weighted return (Manager L): % Time-weighted return (Manager M): % 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 1.36% % 2 .85% % 3 2.5% % 4 4.17% % 5 .51% %

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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Question

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.)

	MANAGER L		MANAGER M
	Total Funds	Contributions/	Total Funds	Contributions/
Quarter	Under Management	Withdrawals	Under Management	Withdrawals
Initial	$513,000	—	$721,000	—
1	530,000	10,000	697,000	-34,000
2	540,000	5,500	652,000	-34,000
3	564,000	10,500	633,000	-34,000
4	591,000	3,500	618,000	-34,000
5	605,000	11,000	605,000	-34,000

For each manager, calculate:

her money-weighted return. Do not round intermediate calculations. Round your answers to two decimal places.
Money-weighted return (Manager L): %

Money-weighted return (Manager M): %
her time-weighted return. Do not round intermediate calculations. Round your answers to two decimal places.
Time-weighted return (Manager L): %

Time-weighted return (Manager M): %
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 1.36%   %

2 .85%   %

3 2.5%   %

4 4.17%   %

5 .51%   %

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Quarter	Return (Manager L)	Return (Manager M)
1	1.36%	%
2	.85%	%
3	2.5%	%
4	4.17%	%
5	.51%	%