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If a DI average management costs per account per year is equal to $500,000, and the average fees earned per account per year is $400,000,

If a DI average management costs per account per year is equal to $500,000, and the average fees earned per account per year is $400,000, what is the average implicit interest rate (IIR) if the average annual size of account is $1,200,000?

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