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Initial investment in a fund was $1,000 (01Jan2020). After 1 year, the fund value was $1,150 right before a new cash inflow of $500 to

Initial investment in a fund was $1,000 (01Jan2020). After 1 year, the fund value was $1,150 right before a new cash inflow of $500 to the fund (01Jan2021). At year-end(31 Dec2021), the fund was valued at $2,040. What was the dollar-weighted "annual" rate of return for this 4 2-year investment period? (1) 15%; (2) 16%; (3) 17 % ; (4) 18% ; (5) 19 %; (6) 20%; (7) 25%; (8) 30%; (9) 35%; (10) 40%: (11) 45 %: (12) 50% : [per annum] Date: 01Jan2020 Cash Flow Value +$1,000 $1,150 $2,040 31Dec2020 01Jan2021 +$500 31Dec2021

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