$1,000 is invested in a fund at the beginning of the year. The fund rate of return is 8% for the first half of the year, and 10% for the second half. You are given the following methods of determining return, given the indicated transactions:

Scenario	Return Measure	Midyear Transaction
I	Dollar-weighted	$500 deposit
II	Dollar-weighted	$500 withdrawal
III	Time-weighted	$500 deposit
IV	Time-weighted	$500 withdrawal

Rank the rates of returns under these scenarios.

A. I < II = IV < III

B. II < III = IV < I

C. III < I = II < IV

D. IV < I = II < III

E. None of these answers is correct.