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(The answer is not 16.20) Problem 4-10 The composition of the Fingroup Fund...

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(The answer is not 16.20)
Problem 4-10 The composition of the Fingroup Fund portfolio is as follows: Stock Shares Price 200,000 $41 B 282.ee 35 409, ce 29 590, ce 4e During the year the portfolio manager sells all of the holdings of stock and replace it with 200,000 shares of stock E at $40 per share and 240,000 shares of stock Fat $65 per share. What is the portfolio turnover rate? (Round your answer to 1 decimal place.) Tumover rate

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