Assume that a fund holds the following assets: A: 100,000 shares @ $25 B: 50,000 shares @

Question:

Assume that a fund holds the following assets:

A: 100,000 shares @ $25 B: 50,000 shares @ $10 C: 25,000 shares @ $20 If the fund’s manager sells all of asset C and replaces it with 10,000 shares of asset E at its market price of $25 and 20,000 shares of asset F at $12.5, what would be the fund’s turnover ratio?

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