Please answer both of the following questions relating to the time-weighted rate of return and the money-weighted rate of return of two portfolios.

Fred Flogs buys 200 shares of ABC on January 1, 20X4 at a price of $104 per share. A dividend of $5 per share is paid on January 1, 20X5, and Fred spends this money on a new watch. Also on January 1, 20X5, Flogs sells 100 shares at a price of $112. On January 1, 20X6, he collects a dividend of $6 per share on his remaining shares before he then sells them for $115 each. The time-weighted rate of return on Flogs' portfolio is closest to: A. B. C. 8.09% 10.25%. 11.04%. Bill Blogs buys 200 shares of ABC on January 1, 20X4 at a price of $104 per share. A dividend of $5 per share is paid on January 1, 20X5, and Bill spends this money on a new watch. Also on 1 January 20X5, Blogs sells 100 shares at a price of $112. On January 1, 20X6, he collects a dividend of $6 per share on his remaining shares before he then sells them for $115 each. The money-weighted rate of return on Blogs' portfolio is closest to: A. 8.09%. 10.25% 11.04%. C