The composition of the Fingroup Fund portfolio is as follows: Stock Shares Price A 200,000 $ 39 B 284,000 32 C 408,000 28 D 680,000 35 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 230,000 shares of stock F at $60 per share. What is the portfolio turnover rate? (Round your answer to 1 decimal place.)
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