A portfolio of non dividend-paying stocks earned a geometric mean return of 5% between January 1, 2014,

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A portfolio of non dividend-paying stocks earned a geometric mean return of 5% between January 1, 2014, and December 31, 2020. The arithmetic mean return for the same period was 6%. If the market value of the portfolio at the beginning of 2014 was $100,000, what was the market value of the portfolio at the end of 2020?

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ISE Essentials Of Investments

ISBN: 9781265450090

12th International Edition

Authors: Zvi Bodie, Alex Kane, Alan Marcus

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