A Portfolio Had a Value of $50 Million at the Beginning

question 18

Multiple Choice

A portfolio had a value of $50 million at the beginning of a quarter and a value of $47 million half way through the quarter. At this point, there was a $4 million withdrawal, and the portfolio value at the end of the quarter was $41 million. The time-weighted return for the quarter was

• A) - 6.9%.
• B) -10.4%.
• C) - 7.1%.
• D) - 8.2%.

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Definitions:

Nephron

The functional unit of the kidney, responsible for filtering blood and producing urine.

Microvilli

microscopic cellular membrane protrusions that increase the surface area for absorption, especially in the epithelial cells of the intestines.

Proximal Convoluted Tubule

The portion of the nephron in the kidney involved in the reabsorption of water, ions, and nutrients from the filtrate.

Active Transport

The movement of substances across a cell membrane against their concentration gradient, requiring energy in the form of ATP.