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Assume the annual return for the lowest turnover portfolio is 17% and the annual return for the highest turnover portfolio is 10%. If you
Assume the annual return for the lowest turnover portfolio is 17% and the annual return for the highest turnover portfolio is 10%. If you invest $108,000 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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