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7. (5 points) The composition of the Fingroup Fund portfolio is as follows: If during the year the portfolio manager sells all of the holdings
7. (5 points) The composition of the Fingroup Fund portfolio is as follows: If during the year the portfolio manager sells all of the holdings of stock D and replaces it with 150,000 shares of stock E at $20 per share and 37,500 shares of stock F at $30 per share, what is the portfolio turnover rate? (Round your answer to 2 decimal places.)
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