Question: b) is wrong A mutual fund has average daily assets value of $80 million. During the year the fund bought $20 million worth of stocks

b) is wrong b) is wrong A mutual fund has average daily assets value of

A mutual fund has average daily assets value of $80 million. During the year the fund bought $20 million worth of stocks and sold $17.5 milion worth of stocks. This fund's turnover rate was a) 21.88% b) 25.00% c) 18.75% d) 14.35% c) 17.39%

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