P 147 of 1065 9. The composition of the Fingroup Fund portfolio is as follows: Price Shares 200,000 300,000 400,000 600,000 Stock S35 40 20 25 manager currently totals $30,000. There are 4 million shares outstanding. What is the net asset value of the fund? Reconsider the Fingroup Fund in the previous problem. If during the year the portfolio manager sells all of the holdings of stock D and replaces it with 200,000 shares of stock E at $50 per share and 200,000 shares of stock F at $25 per share, what is the portfolio turnover rate? 10