A Portfolio Had an Original Value of $7,400 Seven Years

question 102

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

---

Definitions:

Frequency

The number of times an event or phenomenon occurs within a given dataset or period.

Midwestern State

A term that can refer to any state located in the Midwestern region of the United States, often characterized by specific geographic, cultural, or economic attributes.

Taxi Company

A business that provides public transportation services using cars, typically based on a metered fare system.

Response Times

The amount of time taken to react to a stimulus or to answer a question in a testing scenario.