- CFA Exams
- CFA Exam: Level II 2021
- Study Session 10. Equity Valuation (2)
- Reading 26. Industry and Company Analysis
- Subject 7. 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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