The composition of the Fingroup Fund portfolio is as follows: Stock A B D Shares 200,000 280,000 410,000 580,000 Price $ 34 38 30 45 During the year the portfolio manager sells all of the holdings of stock D and replaces it with 200,000 shares of stock E at $30 per share and 300,000 shares of stock Fat $67 per share. What is the portfolio turnover rate? (Round your answer to 1 decimal place.) Turnover rate 46.71%