A portfolio of nondividend-paying stocks earned a geometric mean return of 5.0% between January 1, 2001, and

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A portfolio of nondividend-paying stocks earned a geometric mean return of 5.0% between January 1, 2001, and December 31, 2007. The arithmetic mean return for the same period was 6.0%. If the market value of the portfolio at the beginning of 2001 was $100,000, what was the market value of the portfolio at the end of 2007?

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Essentials Of Investments

ISBN: 9780073368719

7th Edition

Authors: Zvi Bodie, Alex Kane, Alan J. Marcus

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