On december 31 the fund balance is 1600 x is the, Financial Management

On december 31 the fund balance is 1600 x is the

On January 1, $1000 is deposited in a fund. On June 30, the fund balance is $900. On July 1, an additional $500 is deposited. On December 31, the fund balance is 1600. X is the time-weighted rate of return. Y is the dollar-weighted rate of return. Determine X/Y A. 0.815 B. 1.252 C. 0.357 D. 2.035 E. 0.286.

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Financial Management: On december 31 the fund balance is 1600 x is the

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