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You have a $110,000 portfolio comprising 10 stocks. You trade each stock five times this year and each time you trade, you pay about $27

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You have a $110,000 portfolio comprising 10 stocks. You trade each stock five times this year and each time you trade, you pay about $27 in commissions and spread. You have no special knowledge, so you earn only the average market return of 15% 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.) retim of 15% on your thestments. How much lower will your tote retum be becaute of your tredet? As a ceul ef yout trates. Your tota iebus will be 6lowel. (Hound ta tab decina peints.)

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