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fundamentals of investments 5th jordan . chapter1.brief history of risk and return . Portfolio of non -dividend -paying stocks earned a geometric mean return of
fundamentals of investments 5th jordan . chapter1.brief history of risk and return . Portfolio of non -dividend -paying stocks earned a geometric mean return of 5 percent between january 1,1994 and december31,2000. the arithmetic mean return for the same period was 6percent . If the market value of the portfolio at the end of 2000 was closest to
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