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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Related Book For
Fundamentals Of Investments Valuation And Management
ISBN: 9781266824012
10th Edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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