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Tom decides to begin investing some portion of his annual bonus, beginning this year $6000. In the first year he earns a 8% return and
Tom decides to begin investing some portion of his annual bonus, beginning this year $6000. In the first year he earns a 8% return and adds $3000 to his investment. in the second his portfolio loses 4% but sticking to is plan, he adds $1000 to his portfolio. In this year his portfolio returns 2%. What is Tom's dollar-weighted average return on his investments? A. 0.34 percent B.1.20 percent C. 1.54 percent D. 2.23 percent E. 2.58 percent
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