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A fund’s holding period yield is as follows:Quarter 1 10% Quarter 29% Quarter 33% The value of the fund is $6,700,000 at the beginning of the fourth quarter, and the investor receives dividend $200,000 at the end of 2007. At the end of the fourth quarter the value of the fund is $6,100,000, the time‐weighted return of 2007 is: 16% |
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