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The composition of the Fingroup Fund portfolio is as follows: Stock Shares Price A 260,000 $40 B 360,000 45 C 460,000 20 D 660,000 25
| The composition of the Fingroup Fund portfolio is as follows: |
| Stock | Shares | Price | ||||
| A | 260,000 | $40 | ||||
| B | 360,000 | 45 | ||||
| C | 460,000 | 20 | ||||
| D | 660,000 | 25 | ||||
If during the year the portfolio manager sells all of the holdings of stock D and replaces it with 220,000 shares of stock E at $50 per share and 220,000 shares of stock F at $25 per share, what is the portfolio turnover rate?
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DeFi And The Future Of Finance
Authors: Campbell R. Harvey, Ashwin Ramachandran, Joey Santoro, Vitalik Buterin, Fred Ehrsam
1st Edition
