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An investor deposited $10,000 into a portfolio at the beginning of the year. The portfolio increased by 8% by the end of the year. The investor withdrew half his funds and left the remaining on deposit. These funds increased by 20% over the next year. The investor then closed his account. The investor’s two year holding period return is

A: 8.0%

B: 14.0%

C: 16.6%

D: 18.8%

E: 20.0%

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91727271

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