Multiple Choice
A portfolio had an original value of $7,400 seven years ago.The current value of the portfolio is $11,898.What is the average geometric return on this portfolio?
A) 7.02 percent
B) 7.47 percent
C) 7.59 percent
D) 7.67 percent
E) 7.88 percent
Correct Answer:
Verified
Correct Answer:
Verified
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