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The composition of the Fingroup Fund portfolio is as follows: Required: If during the year...

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Accounting

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The composition of the Fingroup Fund portfolio is as follows: Required: If during the year the portfollo manager selis 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 turnover rate? (Round your answer to 2 decimal places.)

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