The composition of the Fingroup Fund portfolio is as follows: Stock ABCD Shares 200,000 274,000 413,000 550,000 Price $ 37 47 33 30 During the year the portfolio manager sells all of the holdings of stock D and replaces it with 200,000 shares of stoc share and 190,000 shares of stock F at $50 per share. What is the portfolio turnover rate? (Round your answer to 1 decimal place.) Turnover rate

The composition of the Fingroup Fund portfolio is as follows: During the year the portfolio manager sells all of the holdings of stock D and replaces it with 200,000 shares of stc share and 190,000 shares of stock F at $50 per share. What is the portfolio turnover rate? (Round your answer to 1 decimal place.)