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Stock Sharac Price A 100,000 97.00 B 100.000 68.00 C 100,000 24.00 D 100,000 11.00 A portfolio manager sells all of the holdings of stock

Stock Sharac Price

A 100,000 97.00

B 100.000 68.00

C 100,000 24.00

D 100,000 11.00

A portfolio manager sells all of the holdings of stock D and replaces it with 50 000 shares of stock E at $10 per share and 50.000 shares of stock at $12 per share, what is the portfolio turnover rate:

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