Visa Inc.	Alphabet Inc A
	Procter & Gamble Co.	The Home Depot
Number of Stocks	3566	88
Median market cap	$88.2 billion	$111.0 billion
Price / Earnings	22.0x	33.7x
Price / Book	3.2x	6.1x
Earnings Growth Rate	11.4%	23.4%
Turnover rate	3.5%	42.0%
Beta vs. S&P 500
3 Largest Sector Differences

Use the table above to answer the following:

• Comment on the difference in turnover and the impact this would have on pre-tax and after-tax returns. Which investment is likely to have the greater tax penalty? Why?