Suppose money invested in a hedge fund earns 1% per trading day. there are 250trading days per year. answer the following questions: (a) what will be your annual return on $100 invested in the fund if the managerallows you to reinvest in the fund the 1% you earn each day? (b) what will be your annual return assuming the manager puts all of your dailyearnings into a zero-interest- bearing checking account and pays youeverything earned at the end of the year? (c) summarize when it is proper to ""annualize"" using apr (annual percentagerate) versus ear (effective annual interest rate).

in 2001, dell computer became the world’s largest personal computer vendor, continuing to

gain market share and post profits in an industry struggling with slumping sales and billions of

dollars in losses. dell sells 90% of its pcs directly to the final customer, largely bypassing the

reseller channel that accounts for most of the world’s pc sales. this direct customer relationship

is the key to dell’s business model, and provides distinct advantages over the indirect sales

model. dell’s direct relationship with the customer allows it to tailor its offerings to customer

needs, offer add-on products and services, and use the internet to offer a variety of customer

services. in addition, dell’s pcs are built to customers’ specifications upon receipt of an order,

giving dell additional advantages over indirect pc vendors who must try to forecast demand and

ship products based on those forecasts. dell’s direct sales and build-to-order model has achieved

superior performance in the pc industry in terms of inventory turnover, reduced overhead, cash

conversion, and return on investment (kraemer, et al., 2000).

explanation:

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