Single choice 14) A fund starts the year with a value of USD 88m. The value grows to USD 92m halfway through the year when the dient invests a further USD 4m. At the end of the year the fund has a value of USD 100m. What is the time weighted return for the fund? The time weighted return is 8.69 The time weighted return is 8.7% The time weighted return is 8.8% O the time weighted return is 89%

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