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3) (4 marks) You are given the following information on an investment fund's transactions: Date January 1 April 1 July 1 Balance before withdrawal or

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3) (4 marks) You are given the following information on an investment fund's transactions: Date January 1 April 1 July 1 Balance before withdrawal or deposit $100,000 $105,000 $ 75,000 $130,000 Withdrawal: $50,000 Deposit: 50,000 Withdrawal: 10,000 Oct 1 December 31 $B You are given the fund's dollar-weighted return for the year is i = 4%. What is the fund's time weighted rate of return for the year

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