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
Section: Chapter Questions
Problem 1PS
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Question
The composition of the Fingroup Fund portfolio is as follows:
| Stock | shares | price | |||||
| A | 200,000 | $ | 33 | ||||
| B | 278,000 | 41 | |||||
| C | 411,000 | 31 | |||||
| D | 570,000 | 50 | |||||
During the year the
What is the portfolio turnover rate?
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