CFA Level 1 Exam
Question No. 1
Assume the following series of financial transactions:
t0: Purchase 1500 shares of Allcycles.com for $18,555.00
t1: Purchase an additional 500 shares for $8,130.00
t2: Purchase an additional 1000 shares for $18,000.00
t3: Sell 1000 shares for $19,810
t4: Sell the remaining 2000 shares for $42,400
Investments of this type have typically justified a 12.50% rate of return. Assuming no taxes or transaction costs, what is the dollar-weighted rate of return for this series of investments?
Choose the correct option from the given list.
01 / 3959