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Jeff invests $7400 in a mutual fund on June 1. On October 1, his fund balance is $3800, and he deposits $1200. On the following

Jeff invests $7400 in a mutual fund on June 1. On October 1, his fund balance is $3800, and he deposits $1200. On the following June 1, his fund balance is $2400. What is Jeff's time-weighted rate of return? Answer = %

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