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You have a $ 1 0 0 , 0 0 0 comprising 1 5 You trade each stock five times this year and each time

You have a $

100, 000

comprising

15

You trade each stock five times this year and each time you trade, you pay about $

35

in commissions and spreadYou have no special knowledgeyou earn only the average market return of

14.94 %

on your investmentsHow much lower will your total return be because of your trades?

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