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Please
use the notes provided to calculate the correct return.  Please show your
work for the calculation.
·  EOM = End of Month
·  BOM = Beginning of Month
·  Subscriptions occur at BOM
·  Redemptions occur at EOM
·  The compounded return calculation is:
(August Ending Balance – (July Ending Balance + August BOM Subscriptions) –
August EOM Redemptions)/(July Ending Balance – July EOM Redemptions)
·  July 2016 ending balance is $1,002,309.02
·  There are not any transactions in July
·  August 2016 ending balance is $1,105,836.41
·  August 2016 transactions include a
subscription of $100,000.0