PERFORMANCE RESULTS ARE PRESENTED IN U.S. DOLLAR TERMS. MARTHA SIMS...
8. Performance results are presented in U.S. dollar terms. Martha Sims is one of Falcon's oldest clients. She would like to know how her portfolio has performed over the most recent quarter. She received a mid-year performance bonus at work, which she invested in August. As her grandson has just started college, Sims liquidated a portion of her portfolio to pay for his tuition in September. The market value of her portfolio and its cash flows are shown below: