Q1. Which of the following is most accurate with respect to the relationship of the money-weighted return to the time-weighted return? If funds are contributed to a portfolio just prior to a period of favorable performance, the: A) time-weighted rate of return will tend to be elevated. B) money-weighted rate of return will tend to be depressed. C) money-weighted rate of return will tend to be elevated.
Q2. The money-weighted return also is known as the: A) return on invested capital. B) measure of the compound rate of growth of $1 over a stated measurement period. C) internal rate of return (IRR) of a portfolio.
Q3. Which of the following statements regarding the money-weighted and time-weighted rates of return is least accurate? A) The time-weighted rate of return reflects the compound rate of growth of one unit of currency over a stated measurement period. B) The money-weighted rate of return removes the effects of the timing of additions and withdrawals to a portfolio. C) The time-weighted rate of return is the standard in the investment management industry. | 
发表于 2008-12-30 16:54
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