What is the portfolio turnover rate

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The composition of the Fingroup Fund portfolio is as follows:

Stock. Shares. Price

A 200,000. $41

B 282,000. 35

C 409,000 29

D 590,000 40

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 $40 per share and 240,000 shares of stock F at $65 per share.

What is the portfolio turnover rate? (Round your answer to 1 decimal place.)

Reference no: EM132632576

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