The composition of the Fingroup Fund portfolio is as follows: Price $ 41 Stock A B C D Shares 200,000 294,000 403,000 630,000 37 23 40 During the year the portfolio manager sells all of the holdings of stock D and replaces it with 200,000 shares of stock E at $60 per share and 220,000 shares of stock F at $60 per share. What is the portfolio turnover rate? (Round your answer to 1 decimal place.) Turnover rate %

The composition of the Fingroup Fund portfolio is as follows: Price $ 41 Stock A B C D Shares 200,000 294,000 403,000 630,000 37 23 40 During the year the portfolio manager sells all of the holdings of stock D and replaces it with 200,000 shares of stock E at $60 per share and 220,000 shares of stock F at $60 per share. What is the portfolio turnover rate? (Round your answer to 1 decimal place.) Turnover rate %

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter8: Risk And Rates Of Return

Section: Chapter Questions

Problem 10PROB

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The composition of the Fingroup Fund portfolio is as follows: Stock Shares Price A 280,000 $ 35 B 380,000 40 C 480,000 15 D 680,000 20 If during the year the portfolio manager sells all of the holdings of stock D and replaces it with 170,000 shares of stock E at $50 per share and 170,000 shares of stock F at $30 per share, what is the portfolio turnover rate? (Round your answer to 2 decimal places.)
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