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Suppose that you open a mutual fund account with a deposit of 505 dollars. 4 months later, the fund balance is 590 dollars, and you withdraw 216 dollars. A year after the account was opened, your balance is X dollars.

If the dollar weighted and time weighted rates of return were the same, what is the rate of return?

(Assume simple interest for the dollar weighted calculation.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92853454

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