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Question 9 1 pts You are saving for retirement. On April 1, you deposit $516 in your target-date fund. By May 15, your initia

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Answer #1

Return for period 1, R1 = 526 / 516 - 1 = 1.94%

R2 = 792 / (526 + 292) -1 = -3.18%

R3 = 1,052 / (792 + 256) - 1 = 0.38%

Time-weighted rate of return = (1 + R1) x (1 + R2) x (1 + R3) - 1 = (1 + 1.94%) x (1 - 3.18%) x (1 + 0.38%) - 1 = -0.93%

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