Question
The composition of the Fund WV portfolio is as follows: Stock Shares Price A 310,000 $ 35 B 410,000 40 C 510,000 15 D 710,000
The composition of the Fund WV portfolio is as follows:
| Stock | Shares | Price | ||
| A | 310,000 | $ | 35 |
|
| B | 410,000 |
| 40 |
|
| C | 510,000 |
| 15 |
|
| D | 710,000 |
| 20 |
|
If 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 200,000 shares of stock F at $31 per share, what is the portfolio turnover rate?
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Financial Accounting Introduction To Concepts Methods And Uses
Authors: Clyde P. Stickney, Roman L. Weil
11th Edition
0324222971, 978-0324222975
