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Business, 25.02.2020 01:54 jojokeys

4. A portfolio of non-dividend-paying stocks earned a geometric mean return of 5% between January 1, 2005 and December 31, 2011. The arithmetic mean return for the same period was 6%. If the market value of the portfolio at the beginning of 2005 was $100,00, what was the market value of the portfolio at the end of 2011?

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