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Assume an investor deposits 114504 in a professionally managed account. One year later, the account has grown in value to 145075 and the investor withdraws
Assume an investor deposits 114504 in a professionally managed account. One year later, the account has grown in value to 145075 and the investor withdraws 55531. At the end of the second year, the account value is 90634. No other additions or withdrawals were made. Calculate holding period return during year 2
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