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Question Help You have a $105,000 portfolio comprising 14 stocks. You trade each stock five times this year and each time you trade, you pay

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You have a $105,000 portfolio comprising 14 stocks. You trade each stock five times this year and each time you trade, you pay about $30 in commissions and spread. You have no special knowledge, so you earn only the average market return of 10% on your investments. How much lower will your total return be because of your trades?

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