Question
The New Fund had average daily assets of $4.2 billion in the past year. The fund sold $430 million and purchased $520 million worth of
The New Fund had average daily assets of $4.2 billion in the past year. The fund sold $430 million and purchased $520 million worth of stock during the year. What was its turnover ratio? (Round your answer to 2 decimal places.)
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Climate Finance
Authors: Richard B. Stewart, Benedict Kingsbury, Bryce Rudyk
1st Edition
081474138X, 978-0814741382
