20、An analyst gathered the following information ($ millions) about the performance of a portfolio: Quarte Value at Beginning of Quarter (prior to inflow or outflow) Cash Inflow (Outflow) At Beginning of Quarter Value at End of Quarter 1 2.0 0.2 2.4 2 2.4 0.4 2.6 3 2.6 (0.2) 3.2 4 3.2 1.0 4.1 The portfolio's annual time-weighted rate of return is closest to: A. 8%. B. 27%. C. 32%. D. 60%. |