Question: You have a $ 1 0 9 , 0 0 0 portfolio comprising 1 3 stocks. You trade each stock five times this year and

You have a $109,000 portfolio comprising 13 stocks. You trade each stock five times this year and each time you trade, you pay about $32 in commissions and spread. You have no
special knowledge, so you earn only the average market return of 10% on your investments. How much lower will your total return be because of your trades?
As a result of your trades, your total return will be % lower. (Round to two decimal points.)
You have a $109,000 portfolio comprising 13 stocks. You trade each

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