Suppose a portfolio manager generated the following returns over a four-year period, and Jack invested in that managers fund the following amounts at the beginning of each period:

Year Return Jacks investment

1 30% $0

2 10% $1,000

3 -5% $500

4 -10% $500

What Dollar Weighted rate of return did Jack experience on his investment in this fund?

a. -.84%

b. -4.18%

c. 6.25%

d. 5.15%