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(1 point) Dennis invests 2000 dollars in a mutual fund on January 1. On May 1, his fund balance is 7000 dollars, and he withdraws
(1 point) Dennis invests 2000 dollars in a mutual fund on January 1. On May 1, his fund balance is 7000 dollars, and he withdraws 1200 dollars. On the following January 1, his fund balance is 3900 dollars. What is Dennis' dollar-weighted rate of return? (Assume simple interest and months of equal length.) Answer = 1 percent
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