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Q9. Basil Richards follows an active international asset allocation strategy and observes the following data. The average execution cost for a buy or a sell
Q9. Basil Richards follows an active international asset allocation strategy and observes the following data. The average execution cost for a buy or a sell order is forecasted at 0.75 percent. The portfolio has a turnover ratio of 1.2 times a year. The annual expected return before transaction costs is 11%. What is the annual expected return net of execution costs
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