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Assume the annual retum for the lowest tumover portfolio is 19% and the annual retum for the highest tumover portfolio is 11%. If you invest

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Assume the annual retum for the lowest tumover portfolio is 19% and the annual retum for the highest tumover portfolio is 11%. If you invest $105,000 and have the highest turnover, how much lower will the value of your portfolio be at the end of 10 years than if you had had the lowest turnover? At the end of ten years, your portfolio will be lower by the amount of $ (Round to the nearest dollar.)

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