B9. [2+2=4 Marks] Consider the following cash flows for Forest Financial's Large Cap B mutual fund (all figures in million AUD): Portfolio Year Dividends Capital Value Distri- Redemp- New Mgmt. butions tions (end) received (FUM) gains inflows fees 0 100 1 162.5 5 10 2 10 60 0.5 2 184.9 2 65 4 50 10 3 179.2 5 -3 1 11 5 For simplicity, assume all cash flows occur at the end of the year. a) In % pa to two decimal places, what was the time-weighted return (TWR)? b) In % pa to two decimal places, what was the dollar-weighted return (DWR)? 0.6 0.7 B9. [2+2=4 Marks] Consider the following cash flows for Forest Financial's Large Cap B mutual fund (all figures in million AUD): Portfolio Year Dividends Capital Value Distri- Redemp- New Mgmt. butions tions (end) received (FUM) gains inflows fees 0 100 1 162.5 5 10 2 10 60 0.5 2 184.9 2 65 4 50 10 3 179.2 5 -3 1 11 5 For simplicity, assume all cash flows occur at the end of the year. a) In % pa to two decimal places, what was the time-weighted return (TWR)? b) In % pa to two decimal places, what was the dollar-weighted return (DWR)? 0.6 0.7