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Assume the annual return for the lowest turnover portfolio is 1 6 % and the annual return for the highest turnover portfolio is 1 4
Assume the annual return for the lowest turnover portfolio is and the annual return for the highest turnover portfolio is If you invest $ and have the highest turnover, how much lower will the value of your portfolio be at the end of years than if you had had the lowest turnover?
At the end of years, your portfolio will be lower by the amount of $ Round to the nearest cent.
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