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= Homework: Cha... Question 10, P 10-26 (si... HW Score: 31.82%, 3.5 of 11 points O Points: 0 of 1 Save You have a $107,000
= Homework: Cha... Question 10, P 10-26 (si... HW Score: 31.82%, 3.5 of 11 points O Points: 0 of 1 Save You have a $107,000 portfolio comprising 14 stocks. You trade each stock five times this year and each time you trade, you pay about $35 in commissions and spread. You have no special knowledge, so you earn only the average market return of 13% on your investments. How much lower will your total return be because of your trades? As a result of your trades, your total return will be % lower. (Round to two decimal points.)
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