Question 1,2,3 are based on the following information Consider a fund that starts with $10 M under management. The fund's yearly returns and net inflows from fund investors are reported as below. 1st Year 2nd Year 3rd Year Holding-period return (%) 20% 8% -5% Net inflow ($ million) 3 5 The dollar-weighted average return is O 5,014% O 1.17% O 3.65% 8%