Xtracakey2551 Xtracakey2551

04-01-2024
Business

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The net asset value (NAV) of the Phobos Fund reaches a peak of 12, then starts to drop, reaching a low of 6 after 1 month. It then recovers gradually and after another 36 months, it reaches 12. The NAV continues to rise and after 4 months it reaches a new peak of 20. What is the time under water for the Phobos Fund?

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