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A portfolio begins on January 1st with an initial balance of $1,000,000. It then has the following cash flows: Date Deposit/Withdrawal Balance following the cash

A portfolio begins on January 1st with an initial balance of $1,000,000. It then has the following cash flows:

Date Deposit/Withdrawal Balance following the cash flow

Jan. 1 +1,000,000 1,000,000

Feb. 1 +100,000 1,070,000

Mar. 1 +400,000 1,570,000

What is the total TIME WEIGHTED RETURN for the period ending March 1st?

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