The composition of the Fingroup Fund portfolio is as follows: Stock Shares Price A 200,000 $ 35 B 264,000 62 C 418,000 38 D 500,000
The composition of the Fingroup Fund portfolio is as follows: Stock Shares Price A 200,000 $ 35 B 264,000 62 C 418,000 38 D 500,000 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 $30 per share and 130,000 shares of stock F at $50 per share. What is the portfolio turnover rate? (Round your answer to 1 decimal place.) Turnover rate %
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