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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.

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 200,000 shares of stock E at $50 per share and 200,000 shares of stock F at $25 per share, what is the portfolio turnover rate? (Round your answer to 2 decimal places.)

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