What is the investment return?

timer Asked: Jul 13th, 2015

Question description

Please use the notes provided to calculate the correct return.  Please show your work for the calculation.

  • EOM = End of Month
  • BOM = Beginning of Month
  • Subscriptions occur at BOM
  • Redemptions occur at EOM
  • The compounded return calculation is:
    (August Ending Balance - (July Ending Balance + August BOM Subscriptions) - August EOM Redemptions)/(July Ending Balance - July EOM Redemptions)
  • July 2014 ending balance is $1,002,309.02
  • There are not any transactions in July
  • August 2014 ending balance is $1,105,836.41
  • August 2014 transactions include a subscription of $100,000.00

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