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.)
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.)
Chapter8: Analysis Of Risk And Return
Section: Chapter Questions
Problem 25P
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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
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