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Billy invests $ 2 million in mutual fund. At the end of the next 3 years, Billy invest additional amounts in that same mutual fund.
Billy invests $ million in mutual fund. At the end of the next years, Billy invest additional amounts in that same mutual fund. The annual returns to the fundare for the first year, for the second year, for the third year, and for the fourth year. Which one of the following responses is correct?
a The timeweighted geometric average annual return is which is less than dollarweightedaverage annual return
b The timeweighted geometric average annual return is which is less than dollarweightedaverage annual return
c The timeweighted geometric average annual return is which is greater than dollarweightedaverage annual return
d The timeweighted geometric average annual return is which is greater than dollarweightedaverage annual return
e The timeweighted geometric average annual return is which is equal to the dollarweightedaverage annual return
f The timeweighted geometric average annual return is which is equal to the dollarweightedaverage annual return
g The timeweighted geometric average annual return is which is equal to the dollarweightedaverage annual return
h The timeweighted geometric average annual return is which is greater than dollarweightedaverage annual return
i The timeweighted geometric average annual return is which is less than dollarweightedaverage annual return
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