Joe is the fund manager. His fund begins with $$10$ million and has the following monthly returns:

Month $123$

Net inflows $($$ million$)350$

HPR $(\%)28(4)$

Compute the time$-$weighted average monthly return

Question $12$ options:

minus $0\mathrm{.}88\%$ per month

plus $0\mathrm{.}88\%$ per month

minus $1\mathrm{.}88\%$ per month

plus $1\mathrm{.}88\%$ per month