Jim Began His Investing Program with a $4,000 Initial Investment

question 54

Multiple Choice

Jim began his investing program with a $4,000 initial investment.The table below recaps his returns each year as well as the amounts he added to his investment account.What is his dollar-weighted average return?

• A) 1.6 percent
• B) 2.2 percent
• C) 2.6 percent
• D) 3.2 percent
• E) 3.6 percent

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Definitions:

Contributory Negligence

A legal doctrine where the plaintiff's own negligence partially caused or contributed to their harm, potentially reducing or barring their compensation.

Comparative Negligence

A legal doctrine that allocates damages based on the proportional fault of each party involved in an accident, allowing for partial financial recovery based on degree of fault.

Last Clear Chance

A doctrine in tort law that allows a plaintiff to recover damages even if they were partially at fault, if the defendant had the final opportunity to avoid the harm but failed to do so.

Strict Liability

A legal doctrine in tort law that makes a person or entity responsible for damages or harm caused, regardless of negligence or fault.