Found this one a bit tricky from the Portfolio Management section of a mock exam.Does anyone have any inputs on getting around to the answer.
An investor’s transactions in mutual funds and the fund’s returns over a 4 year period are
New Investment at the beginning of the year (US$)
Investment return for the year
Withdrawal by the investor at the end of the year
Based on this data, the money-weighted return (or internal rate of return) for the investor is closest to