4 CFA PROBLEMS CFA PROBLEMS 1. A portfolio of nondividend paying stocks earned a geometric mean return of 5% between January 1, 2010, and December 31, 2016. The arithmetic mean return for the same period was 6%. If the market value of the portfolio at the beginning of 2010 was $100,000, what was the market value of the portfolio at the end of 2016? LO 5-1)