An investors porfolio currently is worth 1 million. during the first year the investor sells 1,000 shares of FedEx at a price of 150 per share and 10,000 shares of Cisco systems at a price of $25 per share. the proceeds are used to buy 2500 shares of IBM at 160 per share.

1. double folio turnover rate is ....?

2. this years in FedEx originally were purchased for 140 each, and those in Cisco were purchased for $20 and if the investors tax rate on capital gain income is 15% the amount that the investor will all on this year's taxes as a result of these transactions would be...?

An investor's portfolio currently is worth $ 1MM. During the first year, the investor sells 1,000 shares of fede at a pre of $150 per share and 10.000 shares et 525 per share. The pods are used to buy 2 500 stures of lem at 116 per she 1. The portfolio turnover rates CAP Note: Round to the nearest integer) 2. If the shares in FedEx originally were purchased for 5140 euch and those in Cisco were purchased for 20 and the investor's tax rencapai the investor willow on this year's taxes as a result of these transactions would be Note and to the nearest Integer