Dollar-weighted return is equal to the time-weighted return

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On 1/1/14 I invested $30,000. On 6/1/15, my fund is worth $32,000, and I deposit/withdraw M dollars. On 12/31/15, my fund is worth $30,000.

The dollar-weighted return is equal to the time-weighted return in 2015. Calculate the value of M and M is not zero.

Reference no: EM13878168

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