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A mutual fund guarantees that the fund balance will never decrease over time. At the beginning of the first year $100 is deposited in the
A mutual fund guarantees that the fund balance will never decrease over time. At the beginning of the first year $100 is deposited in the fund, mid-year an additional $10 is deposited. The fund balance at the end of the year is 120. Find the maximum and minimum time-weighted rate of return that could be reported for this investment during the year.
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