Question
The composition of the Fingroup Fund portfolio is as follows: Stock. Shares. Price A200,000. $41 B282,000. 35 C409,000 29 D590,000 40 During the year the
The composition of the Fingroup Fund portfolio is as follows:
Stock. Shares. Price
A200,000. $41
B282,000. 35
C409,000 29
D590,000 40
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 $40 per share and 240,000 shares of stock F at $65 per share.
What is the portfolio turnover rate?(Round your answer to 1 decimal place.)
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Small Business Management Launching and Growing New Ventures
Authors: Justin Longenecker, Leo Donlevy, Terri Champion, William Petty, Leslie Palich, Frank Hoy
6th Canadian edition
176532218, 978-0176532215
