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The composition of the Fingroup Fund portfolio is as follows: Stock Shares Price 280,000 35 380,000 40 15 480,000 680,000 20 If during the year
The composition of the Fingroup Fund portfolio is as follows: Stock Shares Price 280,000 35 380,000 40 15 480,000 680,000 20 If during the year the portfolio manager sells all of the holdings of stock D and replaces it with 170,000 shares of stock E at $50 per share and 170,000 shares of stock F at $30 per share, what is the portfolio tumover rate? Round your answer to 2 decimal places and put it in the following format XX.XX. Do NOT record starting O's.) Turnover rate
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