1. A Risky Portfolio earned the following rates of return for a Risky Portfolio over the last 4 years: 12%, 9%, -7%, and 15%. If you had invested a single lump sum of $1,000, how much would your investment be worth at the end of the four years?

a) $1275.79

b) $1,305.65

c) $1,323.09

d) $1,373.43

2. Find the Dollar Weighted Average return of $1000 invested each year at the beginning of each year for 3 years earning the following returns (10%, -5%, and 15%). [NOTE: set calculators to BEGIN]

a) 6.317%

b) 6.667%

c) 6.985%

d) 7.065%