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The composition of the Fingroup Fund portfolio is as follows: Stock B D Shares 300,000 400,000 500,000 700,000 Price $ 30 35 10 15 If
The composition of the Fingroup Fund portfolio is as follows: Stock B D Shares 300,000 400,000 500,000 700,000 Price $ 30 35 10 15 If during the year the portfolio manager sells all of the holdings of stock D and replaces it with 150,000 shares of stock E at $30 per share and 150,000 shares of stock Fat $40 per share, what is the portfolio turnover rate? (Round your answer to 2 decimal places.) Turnover rate %
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