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A mutual funds had average daily assets of $3.25 billion in 2019. The fund sold $550 million worth of stock and purchased $750 million worth

A mutual funds had average daily assets of $3.25 billion in 2019. The fund sold $550 million worth of stock and purchased $750 million worth of stock during the year. The funds turnover ratio is 20% b) 12% OC) 16.92% d) 23.08%

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