The composition of the Fingroup Fund portfolio is as follows:

What is the portfolio turnover rate?

The composition of the Fingroup Fund portfolio is as follows: Stock c Required: Shares 370,eoe 470, eoe 570, eee 770, eee Price $ 35 10 15 If during the year the portfolio manager sell's all of the holdings of stock D and replaces it with 210,000 shares of stock E at $40 per share and 210,000 shares of stock F at $15 per share, what is the portfolio turnover rate? (Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Turnover rate 29.920 0/0