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A client has 1 million invested in European equity at the start of the quarter....

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Finance

A client has 1 million invested in European equity at the start of the quarter. After one month the portfolio value is 1.1 million and the client who needs cash withdraws 200,000. At the end of the quarter the portfolio is worth 900,000. Over the quarter, the European equity index, used as a benchmark, gained 15%. Calculate the time weighted returns and money weighted returns using IRR and Dietz methods? (Show your calculations)

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