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A. The Portfolio Manager has no control over cash flows into or out of the account. During the 3 year period the annualized return of

A. The Portfolio Manager has no control over cash flows into or out of the account. During the 3 year period the annualized return of the benchmark was 6%. The client computed the DWR and is furious with the accounts performance (DWR). Whos fault is it that the accounts value didnt grow at the same pace as the benchmark? Why?

B. Which methodology would generally be more suitable for describing asset growth over time?

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