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A mutual fund has total assets outstanding of $59 million. During the year the fund bought and sold assets equal to $14.75 million. This fund's

A mutual fund has total assets outstanding of $59 million. During the year the fund bought and sold assets equal to $14.75 million. This fund's turnover rate was _____.

Multiple Choice

25.00%

33.33%

20.00%

30.00%

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