A portfolio of non-dividend-paying stocks earned a geometric mean return of 5 percent between January 1, 2010,

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A portfolio of non-dividend-paying stocks earned a geometric mean return of 5 percent between January 1, 2010, and December 31, 2016. The arithmetic mean return for the same period was 6 percent. If the market value of the portfolio at the beginning of 2010 was $100,000, the market value of the portfolio at the end of 2016 was closest to:

a. $135,000

b. $140,710

c. $142,000

d. $150,363.

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Fundamentals Of Investments Valuation And Management

ISBN: 9781266824012

10th Edition

Authors: Bradford Jordan, Thomas Miller, Steve Dolvin

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