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Question 7 4.5 pts A mutual fund has $242 million dollars in assets, 25 million shares outstanding, and a total expense ratio of 0.3 percent.

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Question 7 4.5 pts A mutual fund has $242 million dollars in assets, 25 million shares outstanding, and a total expense ratio of 0.3 percent. If during the past year the fund has bought and sold $162 million worth of assets, what is the fund's turnover rate? Enter answer in percents, accurate to two decimal places

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