You have a $$105,000$ portfolio comprising $10$ stocks. You trade each stock five times this year and each time you trade, you pay about $$26$ in commissions and spread. You have no

special knowledge, so you earn only the average market return of $14\%$ on your investments. How much lower will your total return be because of your trades?

As a result of your trades, your total return will be

$\%$ lower. $($Round to two decimal points.$)$