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What is the dollar weighted return: The solution is IRR = .0388 or 3.38% but, I'm not sure how they solved it. - 1 8

What is the dollar weighted return:

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The solution is IRR = .0388 or 3.38% but, I'm not sure how they solved it.

- 1 8 .96 0= -1.0+7 - 1+ IRR +- -.5 (1 + IRR)2 *IRP (1 + IRR) 3 (1 + IRR)

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