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1. A stock fund has average asset of $7.5 billion in 2017. It sold $4 billion of stocks holdings and bought $3.5 billion of new
1. A stock fund has average asset of $7.5 billion in 2017. It sold $4 billion of stocks holdings and bought $3.5 billion of new stocks.
a. Whats its turnover ratio?
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Financial Risk Manager Handbook
Authors: Philippe Jorion, Global Association Of Risk Professionals
5th Edition
0470479612, 978-0470479612
