1. Suppose you have the following return sequences.
   1. calculate the arithmetic return and geometric returns using this table

Year	1	2	3	4	5
Annual Return	5%	6%	9%	-5%	-3%

2. Explain whats the difference between dollar weighted return and geometric return. Assume you invested $100 today, invested additional $20 at the end of year 3, withdraw $50 at the end of year 4. At the end of year 5, you have $20 left in your account. What is your dollar weighted return (IRR)? Show your calculate steps using either financial calculator or Excel sheet.