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You are given the following information about two different investment funds. The dollar-weighted return for Fund A and the time-weighted return for Fund B are

You are given the following information about two different investment funds.

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The dollar-weighted return for Fund A and the time-weighted return for Fund B are both equal to i. What is i?

Withdrawal Date Jan 1 Apr 1 Jul 1 Dec 31 Table 1: Fund A Fund Value (before deposit/withdrawal) Deposit 132 128 142 2x 142 8X Date Jan 1 Aug 1 Dec 31 Table 2: Fund B Fund Value (before deposit/withdrawal) Deposit Withdrawal 120 132 5X 130 Withdrawal Date Jan 1 Apr 1 Jul 1 Dec 31 Table 1: Fund A Fund Value (before deposit/withdrawal) Deposit 132 128 142 2x 142 8X Date Jan 1 Aug 1 Dec 31 Table 2: Fund B Fund Value (before deposit/withdrawal) Deposit Withdrawal 120 132 5X 130

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