答案和详解如下： Q11. B 07 Modular Level I, Vol. 1, pp.220-223 Study Sessions 2-6-c The time-weighted return is not affected by cash withdrawals or additions to the portfolio. The money-weighted return measure would be affected by client additions or withdrawals. If a client adds funds at a favorable time, the money-weighted return will be elevated. In contrast, if a client adds funds at an unfavorable time, the money-weighted return will be depressed. | 
发表于 2007-11-3 14:04
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