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An investment is worth $60000$60000 at the beginning of the year. Six months later, it has risen in value to $64000$64000, and so disburses a

An investment is worth $60000$60000 at the beginning of the year. Six months later, it has risen in value to $64000$64000, and so disburses a cash payment of $20000$20000. At the end of the year, it is worth $50000$50000. What is the dollar-weighted rate of return for the year? What is the time-weighted rate of return for the year?

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