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Assume an investor deposits $ 1 1 6 , 0 0 0 in a professionally managed account. One year later, the account has grown in

Assume an investor deposits $116,000 in a professionally managed account. One year later, the account has grown in value to $134,000 and the investor withdraws $58,000. At the end of the second year, the account value is $65,000. No other additions or withdrawals were made. Calculate dollar-weighted return of portfolio over two years. (You need to calculate IRR of cash flows over two years.)

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