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V. Let's say Josh invests an additional $1,000 today in individual shares. Over the next year, the market drops 50 percent. At the end of

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V. Let's say Josh invests an additional $1,000 today in individual shares. Over the next year, the market drops 50 percent. At the end of year 1, Josh panics and sells all of his individual shares, locking in a loss. After selling his shares at the end of year 1, Josh then goes and buys treasury bills, which give a guaranteed 3 percent annual return. How much is Josh's portfolio worth at the end of each of the 6 years? Record your answers in the table below (round to the nearest dollar). Year Sell - Return Sell - Value 0 $1,000 -50% 3% 3% 3% 3% 3% [8 marks] (= Q3.5 Type your answer here. (You can use "Space" key and "Enter" key on your laptop/desktop to create the table manually.) (8 marks] 1 2 6 3 4 5

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