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[ Ch 1 2 ] A portfolio of stocks earned a geometric average return of 6 . 5 0 % and an arithmetic average return

[Ch 12] A portfolio of stocks earned a geometric average return of 6.50% and an arithmetic average return of 8.25% over a 10-year period. The market value of the portfolio at the beginning of this period was $10,000. At the end of the 10-year period the portfolio's market value was:
(to nearest $0.01)
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