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4. What is the approximate ratio of the annual time-weighted rate of return to the annual dollar-weighted rate of return (i_time-weighted /i_dollar-weighted) based on the

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4. What is the approximate ratio of the annual time-weighted rate of return to the annual dollar-weighted rate of return (i_time-weighted /i_dollar-weighted) based on the following table of fund values and contributions? Dollar amount Event $0 $1,000 $1,020 $1,000 $ 2,060 $ 1,000 $3,120 $ 1,000 $ 4,195 $1,000 $5,200 12/31/08 Fund Value 1/1/09 Contribution 2/28/09 Fund Value 3/1/09 Contribution 3/31/09 Fund Value 4/1/09 Contribution 4/30/09 Fund Value 5/1/09 Contribution 5/31/09 Fund Value 6/1/09 Contribution 6/30/09 Fund value A. 540 B. 891 C. 1.123 D. 1.853 E. None of the above

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