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7 At the beginning of Year 1 , a fund has $10 million under management; it earns a return of 14% for the year. The
7 At the beginning of Year 1 , a fund has $10 million under management; it earns a return of 14% for the year. The fund attracts another $100 million at the start of Year 2 and earns a return of 8% for that year. The money-weighted rate of return is most likely: A less than the time-weighted rate of return. B the same as the time-weighted rate of return. C greater than the time-weighted rate of return
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