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Shirley had 10,000 in an account on Jan 1st. She made withdrawals of 400 on Apr 1st and 600 on Nov 1st. Her dollar-weighted rate
Shirley had 10,000 in an account on Jan 1st. She made withdrawals of 400 on Apr 1st and 600 on Nov 1st. Her dollar-weighted rate of return for the year was 7.5%. What was Shirley's balance on Dec 31st? (A) 9708 (B) 9720 (C) 9728 (D) 9737 (E) 9750
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