Take a look back at Figure 1.1, which showed the value of a $1 investment after 96
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Take a look back at Figure 1.1, which showed the value of a $1 investment after 96 years. Use the value for the small-company stock investment to check the geometric average in Table 1.5.
Figure 1.1
Table 1.5
Transcribed Image Text:
Value of a $1 investment FIGURE 1.1 100,000 10,000 1,000 100 10 .10 1926 1936 A $1 Investment in Different Types of Portfolios: 1926-2021 (Year-end 1925 = $1) 1946 1956 Small-company stocks Long-term government bonds 1966 1976 Year-end Large-company stocks Inflation 1986 1996 Treasury bills $56,033.70 $14,086.37 -$177.06 $21.73 $15.58 2006 2016 2021
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In Figure 11 the smallcompany investment grew to 560337...View the full answer
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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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