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    Exam 5: Risk and Return: Past and Prologue
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    Which One of the Following Measures Time-Weighted Returns
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Which One of the Following Measures Time-Weighted Returns

Question 43

Question 43

Multiple Choice

Which one of the following measures time-weighted returns?
I. Geometric average return
II. Arithmetic average return
III. Dollar-weighted return


A) I only
B) II only
C) I and II only
D) I and III only

Correct Answer:

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