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...................................................... Assume the annual return for the lowest turnover portfolio is 18% and the annual return for the highest turnover portfolio is 14%. If you

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Assume the annual return for the lowest turnover portfolio is 18% and the annual return for the highest turnover portfolio is 14%. If you invest $107,000 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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