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A mutual fund has total assets outstanding of $70 million. During the year the fund bought and sold assets equal to $19.75 million. This fund's

A mutual fund has total assets outstanding of $70 million. During the year the fund bought and sold assets equal to $19.75 million. This fund's turnover rate was: 25.00% 33.33% . 20.00% . OD. 30.00%

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