The composition of the Fingroup Fund portfolio is as follows:   Stock Shares Price A 280,000 $ 35   B 380,000   40   C 480,000   15   D 680,000   20     If during the year the portfolio manager sells all of the holdings of stock D and replaces it with 170,000 shares of stock E at $50 per share and 170,000 shares of stock F at $30 per share, what is the portfolio turnover rate? (Round your answer to 2 decimal places.)

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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The composition of the Fingroup Fund portfolio is as follows:
 

Stock Shares Price
A 280,000 $ 35  
B 380,000   40  
C 480,000   15  
D 680,000   20  
 


If during the year the portfolio manager sells all of the holdings of stock D and replaces it with 170,000 shares of stock E at $50 per share and 170,000 shares of stock F at $30 per share, what is the portfolio turnover rate? (Round your answer to 2 decimal places.)

 

 

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