A mutual fund has $246 million dollars in assets, 27 million shares outstanding, and a total...

 

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A mutual fund has $246 million dollars in assets, 27 million shares outstanding, and a total expense ratio of 0.5 percent. If during the past year the fund has bought and sold $105 million worth of assets, what is the fund's turnover rate? Enter answer in percents, accurate to two decimal places. A mutual fund has $246 million dollars in assets, 27 million shares outstanding, and a total expense ratio of 0.5 percent. If during the past year the fund has bought and sold $105 million worth of assets, what is the fund's turnover rate? Enter answer in percents, accurate to two decimal places.

Answer rating: 100% (QA)

Heres how to calculate the mutual funds turnover rate 1 Calculate Assets Under Management AU... View the full answer