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Problem 4. Calculate the time-weighted rate of return for the monthly account activ- ity shown here: Cash Flow Month +200 +200 --500 --500 +200 Balance

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Problem 4. Calculate the time-weighted rate of return for the monthly account activ- ity shown here: Cash Flow Month +200 +200 --500 --500 +200 Balance forward January February March April May Ending Value $23,000 23,556 24,556 23,965 23,100 22,900

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