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The composition of the Fingroup Fund portfolio is as follows: Stock Shares Price A 2 3 0 , 0 0 0 $ 4 0 B
The composition of the Fingroup Fund portfolio is as follows:
Stock Shares Price
A $
B
C
D
Required:
If during the year the portfolio manager sells all of the holdings of stock D and replaces it with shares of stock E at $ per share and shares of stock F at $ per share, what is the portfolio turnover rate? Round your answer to decimal places.
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