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Short Answer Questions Please submit detailed solutions of these questions. Question 3 (0.5 points) A...

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Accounting

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Short Answer Questions Please submit detailed solutions of these questions. Question 3 (0.5 points) A pension fund receives contributions and pays benefits from time to time. The fund value is reported before every transaction and at year end. The details of transactions (in millions) during the year 2019 are as follows. Date Fund Value Contributions Benefits paid received out Jan 1 1.05 0.2 0.9 0.3 July 1 Dec 31 1.19 (a) Find the internal rate of return (quoted as an effective annual rate). (b) Find the time-weighted rate of return. Enter the time-weighted rate of return in the following blank. Keep four decimal places. Your

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