Question
A mutual fund has $225 million dollars in assets, 22 million shares outstanding, and a total expense ratio of 0.52 percent. If during the past
A mutual fund has $225 million dollars in assets, 22 million shares outstanding, and a total expense ratio of 0.52 percent. If during the past year the fund has bought and sold $185 million worth of assets, what is the fund's turnover rate?
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Behavioral Finance And Investor Types
Authors: Michael M. Pompian
1st Edition
1118011503, 978-1118011508
