11. Assume that a fund holds the following assets:

A: 100,000 shares at $25 each B: 50,000 shares at $10 each C: 25,000 shares at $20 each If the fund’s manager sells all of asset C and replaces it with 10,000 shares of asset E at its market price of $25 and 20,000 shares of asset F at $12.5, what would be the fund’s turnover ratio?