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10 The composition of the Fingroup Fund portfolio is as follows: Price 1 Stock A B C D points Shares 340,000 440,000 540,000 740,000 $

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10 The composition of the Fingroup Fund portfolio is as follows: Price 1 Stock A B C D points Shares 340,000 440,000 540,000 740,000 $ 35 40 20 25 eBook If during the year the portfolio manager sells all of the holdings of stock D and replaces it with 250,000 shares of stock E at $50 per share and 250,000 shares of stock Fat $24 per share, what is the portfolio turnover rate? (Round your answer to 2 decimal places.) Print Turnover rate % References

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