A Portfolio Had an Original Value of $15,000 Twenty Years

question 31

Multiple Choice

A portfolio had an original value of $15,000 twenty years ago. The current value of the portfolio is $92,780. What was the geometric average return of the portfolio?

• A) 8.63%
• B) 9.54%
• C) 10.81%
• D) 11.16%
• E) 11.87%

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Definitions:

Retained Earnings

Funds that a company has decided to keep for reinvestment or other purposes instead of distributing as dividends.

Deficit

A financial situation where expenses exceed revenues, resulting in a negative balance.

Statement Of Cash Flows

A financial statement summarizing the total cash earnings from a company's operational activities and external investments, alongside the outlays for operational expenses and investment costs within a specific timeframe.

Used During

"Used during" typically relates to a period or occasion when a specific resource, process, or activity is utilized or occurs.