Part b)

Q6 (4 points) 2 pages submitted An account has a balance of $100 on January 1, 2020. During 2020, the account had the following investment activity: Valuo immediately prior to withdrawal Withdrawal March 13.2020 September 27, 2020 $105 2x The amount in the account on December 31, 2020 is $85. During 2020, the dollar-weighted yield is 0%. a) [3 pts) Determine the time-weighted yield. b) (1 pt] What approximation, if any, was used in the dollar-weighted yield. Explain why the assumption was or was not needed. Q6 (4 points) 2 pages submitted An account has a balance of $100 on January 1, 2020. During 2020, the account had the following investment activity: Valuo immediately prior to withdrawal Withdrawal March 13.2020 September 27, 2020 $105 2x The amount in the account on December 31, 2020 is $85. During 2020, the dollar-weighted yield is 0%. a) [3 pts) Determine the time-weighted yield. b) (1 pt] What approximation, if any, was used in the dollar-weighted yield. Explain why the assumption was or was not needed