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Problem 6 - Dollar-weighted and Time-weighted rate of returns An investment account has a value of $200 on 1/1/2014. On 7/1/2014, the value of the
Problem 6 - Dollar-weighted and Time-weighted rate of returns An investment account has a value of $200 on 1/1/2014. On 7/1/2014, the value of the account has increased to $202 and a deposit of $110 is made. On 10/1/2014, the value of the account balance is $319 and X is withdrawn. On 1/1/2015, the investment account is worth $258. Compute the amount of withdrawal if the time-weighted rate of return is equal to 7.00%. X=
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