Problem 4-14 (Algo) The composition of the Fingroup Fund portfolio is as follows: Stock A Price $ 30 B 35 C 10 15 D Shares 240,000 340,000 440,000 640,000 Required: If during the year the portfolio manager sells all of the holdings of stock D and replaces it with 240,000 shares of stock E at $30 per share and 240,000 shares of stock F at $10 per share, what is the portfolio turnover rate? (Round your answer to 2 decimal places.) Turnover rate %

The composition of the Fingroup Fund portfolio is as follows: Required: If during the year the portfollo manager sells all of the holdings of stock D and replaces it with 240,000 shares of stock E at $30 per share and 240,000 shares of stock F at $10 per share, what is the portfolio turnover rate? (Round your answer to 2 decimal places.)