You have a $110,000 portfolio comprising 11 stocks. You trade each stock five times this year and each time youtrade, you pay about $34 in commissions and spread. You have no specialknowledge, so you earn only the average market return of 10% on your investments. How much lower will your total return be because of yourtrades?

As a result of your trades, your total return will be __% lower. (round to 2 decimal points)