- CFA Exams
- CFA Level I Exam
- Topic 4. Financial Statement Analysis
- Learning Module 12. Introduction to Financial Statement Modeling
- Subject 5. The Forecast Horizon and Long-Term Forecasting
CFA Practice Question
A stated investment time horizon of 5 years would imply average annual portfolio turnover of:
B. 50%.
C. 100%.
A. 20%.
B. 50%.
C. 100%.
Correct Answer: A
The average holding period is calculated as one/portfolio turnover.
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