Problem 4-10 The composition of the Fingroup Fund portfolio is as follows: Stock A B с D Shares 200,000 272,000 414,000 540,000 Price $39 50 34 35 During the year the portfolio manager sells all of the holdings of stock D and replaces it with 200,000 shares of stock E at $55 per share and 197,500 shares of stock F at $40 per share.

Essentials Of Investments
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Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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Problem 4-10
The composition of the Fingroup Fund portfolio is as follows:
Stock
A
B
с
D
Shares
200,000
272,000
414,000
540,000
Price
$39
Turnover rate
50
34
35
During the year the portfolio manager sells all of the holdings of stock D and replaces it with 200,000 shares of stock E at $55 per
share and 197,500 shares of stock F at $40 per share.
What is the portfolio turnover rate? (Round your answer to 1 decimal place.)
%
Transcribed Image Text:Problem 4-10 The composition of the Fingroup Fund portfolio is as follows: Stock A B с D Shares 200,000 272,000 414,000 540,000 Price $39 Turnover rate 50 34 35 During the year the portfolio manager sells all of the holdings of stock D and replaces it with 200,000 shares of stock E at $55 per share and 197,500 shares of stock F at $40 per share. What is the portfolio turnover rate? (Round your answer to 1 decimal place.) %
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