14. The New Fund had average daily assets of $2.2 billion last year. The fund sold $400...

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14. The New Fund had average daily assets of $2.2 billion last year. The fund sold $400 million worth of stock and purchased $500 million during the year. What was its turnover ratio?

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Investments

ISBN: 9780077261450

8th Edition

Authors: Zvi Bodie, Alex Kane, Alan J. Marcus

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Question Posted: Jul 23, 2024 11:02 AM

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14. The New Fund had average daily assets of $2.2 billion last year. The fund sold $400...

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Investments

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