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You have a $100.000 portfolio comprising 11 stocks. You trade each stock tive times this year and each time you trade, you pay about $32

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You have a $100.000 portfolio comprising 11 stocks. You trade each stock tive times this year and each time you trade, you pay about $32 in commissions and spread. You have no special knowledge, so you eam only the average market return of 10% on your investments. How much lower will your total retum be because of your trades? As a result of your trades, your total return will be lower. (Round to two decimal pointe

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