Question
The New Fund had average daily assets of $3.5 billion in the past year. The fund sold $413 million and purchased $513 million worth of
The New Fund had average daily assets of $3.5 billion in the past year. The fund sold $413 million and purchased $513 million worth of stock during the year. What was its turnover ratio? (Round your answer to 2 decimal places.)
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Personal Finance An Integrated Planning Approach
Authors: Ralph R Frasca
8th edition
136063039, 978-0136063032
