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The composition of the Fingroup Fund portfolio is as follows. Required: If during the year the portfolio manager sells all of the holdings of stock

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The composition of the Fingroup Fund portfolio is as follows. Required: If during the year the portfolio manager sells all of the holdings of stock D and replaces it with 260,000 shares of stock E at $30 per share and 260,000 shares of stock F at $15 per share, what is the portfolio turnover rate? (Round your onswer to 2 decimal places.)

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