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A portfolio manager is being evaluated based on the time-weighted average rate of return. If the manager had achieved annual returns for the past three years of 2.5%, 14.5% and 9% on one initial investment of $500,000, what is the time weighted rate of return on the portfolio. (Round to nearest decimal point.)© BrainMass Inc. brainmass.com October 9, 2019, 10:41 pm ad1c9bdddf
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