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The Capital Fund has $425 million assets under management. During the year the fund sold 200,000 shares of ABC at $30 per share and sold
The Capital Fund has $425 million assets under management. During the year the fund sold 200,000 shares of ABC at $30 per share and sold 250,000 shares of DEF at $150 per share. It used the proceeds to buy 310,000 shares of GHI at $50 per share and 280,000 shares of JKL at $100 per share. What was the fund's annual turnover?
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