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Assume an investor deposits $115,000 in a professionally managed account. One year later, the account has grown in value to $141,000 and the investor withdraws
Assume an investor deposits $115,000 in a professionally managed account. One year later, the account has grown in value to $141,000 and the investor withdraws $46,000. At the end of the second year, the account value is $108,000. 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.) Round the answer to two decimals in percentage form. Please write % sign in the units box. Your
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