A mutual fund sold $36 million of assets during the year and purchased $32 million in assets.

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A mutual fund sold $36 million of assets during the year and purchased $32 million in assets. If the average daily assets of the fund were $96 million, what was the fund turnover?

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Fundamentals of Investments, Valuation and Management

ISBN: 978-1259720697

8th edition

Authors: Bradford Jordan, Thomas Miller, Steve Dolvin

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Question Posted: Nov 15, 2018 04:58 AM

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A mutual fund sold $36 million of assets during the year and purchased $32 million in assets.

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Fundamentals of Investments, Valuation and Management

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