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A portfolio of nondividend paying stocks earned a geometric return of 7% between January 1 2011 and Dec 31 2016. The arithmetic mean return for

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A portfolio of nondividend paying stocks earned a geometric return of 7% between January 1 2011 and Dec 31 2016. The arithmetic mean return for the same period was 8%. If the market value of the portfolio at the beginning of 2011 was $125,000 what was the market value of the portfolio at the end of 2016

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