solve with details Problem 3. You are a stockbroker. You client wired $500,000...
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solve with details
Problem 3. You are a stockbroker. You client wired $500,000 into her account five years ago. Today, five years later, your client asks you what annual return has she been earning on this brokerage account. The client has taken out no money and added no money to the account. The account has a $750,000 value today. The account has been invested in stocks and bonds and the broker has made all the investments and has made a few trades per year. Question one: what compounded annual return has the client earned? Does this seem like a reasonable return? (second part no exact answer)
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