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Question 22, the turnover ratio is 18.18%. I need question 23, part a and b. 22. The New Fund had average daily assets of $2.2
Question 22, the turnover ratio is 18.18%. I need question 23, part a and b.
22. The New Fund had average daily assets of $2.2 billion in the past year. The fund sold $400 million and purchased $500 million worth of stock during the year. What was its turnover ratio? (LO 4-5) 23. The New Fund (from Problem 22) had an expense ratio of 1.1%, and its management fee was 7%. (L04- 5) a. What were the total fees paid to the fund's investment managers during the year? b. What were the other administrative expenses Step by Step Solution
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