Multiple Choice
You invested $5,000 eight years ago.The arithmetic average return on your investment is 10.6 percent and the geometric average return is 10.23 percent.What is the value of your portfolio today?
A) $9,092
B) $10,623
C) $10,899
D) $10,947
E) $11,195
Correct Answer:
Verified
Correct Answer:
Verified
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