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The Pharos Fund is valued at 750,000 at the start of the month. On day 22, a contribution of 20,000 is made. At the end

The Pharos Fund is valued at 750,000 at the start of the month. On day 22, a contribution of 20,000 is made. At the end of the month, the Fund is worth 1,266,513. Compute the

money weighted rate of returns

Answer R=0.017

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