Question
A mutual fund shows a 165% turnover ratio. How often does this fund replace its entire portfolio on average and is its trading cost more
A mutual fund shows a 165% turnover ratio. How often does this fund replace its entire portfolio on average and is its trading cost more or less than another fund that has a turnover ratio of 25%?
| 7 months; less | ||
| 1 yr and 8 months; more | ||
| 7 months; more | ||
| 1 yr and 8 months; less |
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Fundamentals Of Investing
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
14th Edition
0135175216, 978-0135175217
