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Manager A and Manager B have identical investment styles. Both managers had a 12% return two years ago and had returns of 3% last year.

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Manager A and Manager B have identical investment styles. Both managers had a 12% return two years ago and had returns of 3% last year. Two years ago, Manager A started with an investment of $100,000 and did not receive any additional funds last year. Two years ago, Manager B started with $30,000 and received an additional $70,000 to invest at the beginning of last year. 9.6 Compute the dollar-weighted return for Manager A and show that the dollarweighted return for Manager B is either 4.38%,2.38%,0.38%,0% or 0.38%

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