Question: Turnover (LO2, CFA1)A mutual fund sold $36 million of assets during the year and purchased $32 million in assets. If the average daily assets of

Turnover (LO2, CFA1) 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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