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You manage a portfolio that receives dividends and makes payments in irregular intervals during the year. You begin on January 1 2020 with KES 10,000,000 in the portfolio. You invest it at a daily rate of 0.03%. On January 17, you receive a dividend of KES 500,000 on and on January 24, you make a payment of KES 250,000. Assume that the daily rate of 0.03% is constant throughout the month of January 2020. What is the ending value of the portfolio on January 31? What is the geometric mean return for the month of January 2020?
What is the value of the portfolio after 17 days
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