答案和详解如下： 20、Correct answer is C "Discounted Cash Flow Applications," Richard A. Defusco, Dennis W. McLeavey, Jerald E. Pinto, and David E. Runkel 2008 Modular Level I, Vol. 1, pp. 221-229 Study Session 2-6-c calculate, interpret, and distinguish between the money-weighted and time-weighted rates of return of a portfolio and appraise the performance of portfolios based on these measures The time-weighted rate of return is calculated by computing the quarterly holding period returns and linking those returns into an annual return: 1.0909 x 0.9286 x 1.3333 x 0.9762 = 1.3185. 1.3185 - 1 = 0.3185 or 31.85%.
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发表于 2008-12-4 23:41
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