Question
The composition of the Fingroup Fund portfolio is as follows: Stock Shares Price A 200,000 $ 35 B 276,000 44 C 412,000 32 D 560,000
| The composition of the Fingroup Fund portfolio is as follows: |
| Stock | Shares | Price | ||||
| A | 200,000 | $ 35 | ||||
| B | 276,000 | 44 | ||||
| C | 412,000 | 32 | ||||
| D | 560,000 | 25 | ||||
| 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 $45 per share and 62,500 shares of stock F at $80 per share. |
| What is the portfolio turnover rate? |
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M Finance
Authors: Marcia Cornett, Troy Adair, John Nofsinger
3rd Edition
0077861779, 978-0077861773
