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3. An analyst has gathered the follow information ($ millions) about the performance of a portfolio: Quarter Value at Beginning of Quarter Cash Inflow (Outflow)

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3. An analyst has gathered the follow information ($ millions) about the performance of a portfolio: Quarter Value at Beginning of Quarter Cash Inflow (Outflow) Value at End of (Prior to Inflow or Outflow) at Beginning of Quarter Quarter 1 2.0 0.2 2.4 2 2.4 0.4 2.6 3 2.6 (0.2) 3.2 4 3.2 1.0 4.1 Find the portfolio annual time-weighted rate of return

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