Question:

Please proper explain and do not copy from Chegg. Otherwise I have to report the answer.

You are the manager of the Mighty Fine mutual fund. The following table reflects the activity of the fund during the last quarter. The fund started the quarter on January 1 with a balance of $100 million. Calculate the quarterly dollar-weighted average return on the fund. Select one: a. 2.75% b. 2.88% c. 5.49% d. 6.33% e. 3.12%