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The balance for an account on 1/1 is $50,000. On 3/17 the balance is $75,610 and a deposit of $1,980 is made. On 8/24 the balance is $40,659 and a withdrawal of X is made. On 12/31 the balance is $50,868. Given that the dollar-weighted rate of return is 0%, determine the time-weighted rate of return. Give your answer to 3 decimal places.

Financial Management, Finance

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