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a (4) The investment balance of a firm is $5,000,000 at the beginning of a two-year period and $7,000,000 at the end. The firm makes

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a (4) The investment balance of a firm is $5,000,000 at the beginning of a two-year period and $7,000,000 at the end. The firm makes a single contribution during the two-year interval of $1,200,000. What is the difference between the annual dollar-weighted yield earned by the firm if the contribution is made after 6 months as opposed to it being made after one year

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