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Intro XYZ mutual fund has a portfolio worth $1.85 million consisting of 50,000 shares of company A at a price of $30 per share and
Intro "XYZ" mutual fund has a portfolio worth $1.85 million consisting of 50,000 shares of company "A" at a price of $30 per share and 50,000 shares of company "B" at a price of $7 per share. "XYZ" decided to sell 50,000 shares of company "B" and used the proceeds to buy 20,000 shares of company "C" at a price of $17.5. Attempt 1/10 for 9 pts. Part 1 What is the portfolio turnover of "XYZ"? 3+ decimals Submit
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