› guru987 guru987 @guru987 Not recently active Activity Profile Forums Topics Started Replies Created Forum Replies Created Viewing 1 post (of 1 total) Author Posts in reply to: Level 1 – Discounted Cash flow Application – Time Weighted Return #85573 guru987Participant CFA Level 2 29 Jul 2020 at 6:33 am Up2:: Cash flows are mentioned for four quarters, not four years. annualized return will be the total holding return for each period. No need of taking the mean. Author Posts Viewing 1 post (of 1 total)