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The composition of the Fingroup Fund portfollo 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 portfollo is as follows: Required: If during the year the portfolio manager sells all of the holdings of stock D and replaces it with 150,000 shares of stock E at $30 per share and 150,000 shares of stock F at $40 per share, what is the portfolio tumover rate? (Round your answer to 2 decimal places.)

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