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Calculate the dollar-weighted rate of return for the year

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The UCSB Actuarial Association has a balance of $75 at January 1 and $60 at December 31. At the end of each month the Association deposits $10 from member dues. To pay for its lavish pizza parties, the Association withdraws $5 on February 28, $25 on June 30, $80 on October 15 and $35 on October 31. Calculate the dollar-weighted rate of return for the year.

Reference no: EM132397653

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