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These funds increased by 20 over the next year the investor

An investor deposited $10,000 into a portfolio at the beginning of the year. The portfolio increased by 8% by the end of the year. The investor withdrew half his funds and left the remaining on deposit. These funds increased by 20% over the next year. The investor then closed his account. What is the investor's two year holding period return?

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Business Economics: These funds increased by 20 over the next year the investor

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