1. An investment manager had a fund of 100,000 at the start of the year 2006. On April 1st a new deposit of 30,000 was made. On October 1st a withdrawal of 42,000 was made. At year end the account balance was 100,000. The dollar weighted rate of return of this fund is
2. Explain stock market efficiency. If the market is efficient, what is your investment strategy in stocks? If the market is not efficient, what is your investment strategy? What do you think of the efficiency of US stock market? If you have $10,000 to invest in stock market, how will you invest?