Question
The composition of the Fingroup Fund portfolio is as follows: Stock Shares Price A 340,000 $ 35 B 440,000 40 C 540,000 20 D 740,000
The composition of the Fingroup Fund portfolio is as follows:
| Stock | Shares | Price | ||
| A | 340,000 | $ | 35 | |
| B | 440,000 | 40 | ||
| C | 540,000 | 20 | ||
| D | 740,000 | 25 | ||
|
| ||||
If during the year the portfolio manager sells all of the holdings of stock D and replaces it with 250,000 shares of stock E at $50 per share and 250,000 shares of stock F at $24 per share, what is the portfolio turnover rate?
(Round your answer to 2 decimal places and put it in the following format XX.XX. Do NOT record starting 0's.)
Turnover rate %
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Single Stock Futures
Authors: Patrick Lafferty
1st Edition
007159003X, 978-0071590037
