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An investment fund had a market value of $11 million on 30 June 2010 and...

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An investment fund had a market value of $11 million on 30 June 2010 and $21 million on 30 June 2014. It had received a net cash flow of $7.2 million on 30 June 2013. The money weighted rate of return and the time weighted rate of return for the period from 30 June 2010 to 30 June 2014 are equal (to two decimal places). Calculate the market value of the fund immediately before the net cash flow on 30 June 2013. An investment fund had a market value of $11 million on 30 June 2010 and $21 million on 30 June 2014. It had received a net cash flow of $7.2 million on 30 June 2013. The money weighted rate of return and the time weighted rate of return for the period from 30 June 2010 to 30 June 2014 are equal (to two decimal places). Calculate the market value of the fund immediately before the net cash flow on 30 June 2013

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