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Business, 16.02.2021 01:00 roseyy7245

A portfolio of nondividend-paying stocks earned a geometric mean return of 5.0% between Jan 1, 2008 and Dec 31, 2014. The arithmetic mean return for the same period was 6.0%. If the market value of the portfolio at the beginning of 2008 was $100,000, what was the market value of the portfolio at the end of 2004 (round the answer to the nearest dollar)

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