At the beginning of the year, a $500,000 portfolio was invested half in stocks and half in
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At the beginning of the year, a $500,000 portfolio was invested half in stocks and half in bonds. At the end of the year, the portfolio had yielded $19,000 in dividends and interest. However, because of the declining stock market, the value of the portfolio at the end of the year was $475,000. Therefore, the capital loss exceeded the yield, resulting in a negative TR for that one‐year period.
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Investments Analysis And Management
ISBN: 9781118975589
13th Edition
Authors: Charles P. Jones, Gerald R. Jensen
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