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A portfolio had the following experience (in millions): Date (Fraction of year) Transactions Balance after transactions January 1 (0.00) April 1 (0.25) July 1 (0.50)

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A portfolio had the following experience (in millions): Date (Fraction of year) Transactions Balance after transactions January 1 (0.00) April 1 (0.25) July 1 (0.50) October 1 (0.75) December 31 (1.00) Balance before transactions 500 515 530 550 510 20 -30 -40 535 500 510 460 -50 Question 24 Find the dollar-weighted rate of return DWRR: Question 25 Find the time-weighted rate of return TWRR: A portfolio had the following experience (in millions): Date (Fraction of year) Transactions Balance after transactions January 1 (0.00) April 1 (0.25) July 1 (0.50) October 1 (0.75) December 31 (1.00) Balance before transactions 500 515 530 550 510 20 -30 -40 535 500 510 460 -50 Question 24 Find the dollar-weighted rate of return DWRR: Question 25 Find the time-weighted rate of return TWRR

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