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You have a $106,000 portfolio comprising 14 stocks. You trade each stock five times this year and each time you trade, you pay about $33

You have a $106,000 portfolio comprising 14 stocks. You trade each stock five times this year and each time you trade, you pay about $33 in commissions and spread. Question Viewer ecial knowledge, so you earn only the average market return of 11% on your investments. How much lower will your total return be because of your trades? As a result of your trades, your total return will be % lower. (Round to two decimal points.)

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