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A fund begins with $10 million and reports the following monthly results (with negative figures in parentheses): Net inflows (end of month, $ million)

A fund begins with $10 million and reports the following monthly results (with negative figures in parentheses): Month 23 0

A fund begins with $10 million and reports the following monthly results (with negative figures in parentheses): Net inflows (end of month, $ million) HPR (%) 3 2 Month 2 5 58 Compute the arithmetic, time-weighted, and dollar-weighted average monthly returns. 3 40 (4)

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