Chartered Financial Analyst Level 1
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A fund initially has $50 million under management and earns 17% in Year 1. The fund receives additional investments of $125 million at the beginning of Year 2 and earns 12% in Year 2. The annualized money-weighted rate of return over the 2-year period is closest to:
A fund initially has $50 million under management and earns 17% in Year 1. The fund receives additional investments of $125 million at the beginning of Year 2 and earns 12% in Year 2. The annualized money-weighted rate of return over the 2-year period is closest to:
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