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Question 11 1 pts The composition of High-Grow Fund is as follows: Stock Shares Price A 2,000 $50 2,000 40 3,000 20 If the manager

Question 11 1 pts The composition of High-Grow Fund is as follows: Stock Shares Price A 2,000 $50 2,000 40 3,000 20 If the manager sells 3,000 shares of stock C at $20 per share and replaces it with 1,000 shares of stock D at $60 per share during the year, what is the fund turnover ratio? 1. 20.00% 2.22.50% 3. 25.00% 4. 27.50% 5. 30.00% 4 D1 5 2 3

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