Question
Trading Cost of a Fund Suppose that every time a fund manager trades stock, trading costs amount to 0.1% of the value of the trading
Trading Cost of a Fund Suppose that every time a fund manager trades stock, trading costs amount to 0.1% of the value of the trading amount. If the portfolio turnover rate is 100%, by how much is the total return of the portfolio reduced by the trading cost?
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Essentials Of Managerial Finance
Authors: Scott Besley, Eugene F. Brigham
12th Edition
0030258723, 9780030258725
