The New Fund had average daily assets of $2.2 billion in the past year. The fund sold

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$400 million and purchased $500 million worth of stock during the year. What was its turnover ratio?

LO.1

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Essentials Of Investments

ISBN: 9780697789945

8th Edition

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

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Question Posted: Jul 26, 2024 09:02 AM

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The New Fund had average daily assets of $2.2 billion in the past year. The fund sold

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Essentials Of Investments

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