Given the following investment situation:

• Stock A is trading at $100/share and bought now
• 2 of the same stock ( stock A ) trading at $ 110/share will be purchased a year from now and dividend of $ 5 declared
• All 3 stocks of A will be sold two years from now at $ 115/share after $ 5/share of dividends is declared
• Ignore taxes

the MWR for the 2 years investment period is:

a. 9.5 %

b. 10.0 %

c. 10.5 %

d. 11.0 %

e. 11.5 %

the TWR for the 2 year period is:

a. 10.0%

b. 10.5 %

c. 11.0 %

d. 11.5 %

e. 12.0