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Business, 07.10.2019 19:00 celestemaria0727

The composition of the fingroup fund portfolio is as follows: stock shares price a 200,000 $ 35 b 300,000 40 c 400,000 20 d 600,000 25 if 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 $50 per share and 200,000 shares of stock f at $25 per share, what is the portfolio turnover rate? (round your answer to 2 decimal places.) turnover rate

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