Question: Fund X has unit values which are 1.0 on January 1, 2015, 0.8 on July 1, 2015 and 1.0 on January 1, 2016. A fund

Fund X has unit values which are 1.0 on January 1, 2015, 0.8 on July 1, 2015 and 1.0 on January 1, 2016. A fund manager receives contributions of 100000 on January 1, 2015 and 100000 on July 1, 2015 and immediately uses the entire contributions to purchase units in Fund X. Find the time-weighted and dollar-weighted rates of return for 2015.

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