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A Portfolio Had a Value of $50,000 Ten Years Ago

Question 8

Multiple Choice

A portfolio had a value of $50,000 ten years ago. If the average annual arithmetic return was 10.2 percent, what is the ending value of the portfolio?


A) $120,406
B) $126,532
C) $132,064
D) $138,846
E) Insufficient information.

Correct Answer:

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