Chapter 2 - Measuring Portfolio Return
49 The example should read:

March 31 Market Value $12,380,000.00
April 6 Dividend Payment4,340.00
April 12 Coupon Payment60,000.00
April 15 Pension Contribution92,000.00
April 21 Disbursement to Pension Pay system-80,000.00
April 30 Market Value$12,400,000.00

The equation is thus
R = 12,400,000 - 15(92,000) - 21(-80,000) = 12,410,000 = 1.000645057 = 1 + 0.0645%
3030
12,380,000 + 15(92,000) +  9  (-80,000) 12,402,000
3030
50 The summation should read
  =   T
Σ
t=1
51 The product should read
  =   n  T
  Π
V t=1
50 The average rate of return is

11.714%  -  5.386%  +  2.510% = + 8.838% =  2.946%
3 3

51 The example should read:

John Q. Investor put his money into Exxon Mobil (XOM) at the beginning of 2006. The rates of return for the first three months of 2006 for Exxon Mobil were