Question: Problem 4-8 Turnover (L02, CFA1) A mutual fund sold $41 million of assets during the year and purchased $39 million in assets. If the average

Problem 4-8 Turnover (L02, CFA1) A mutual fund sold $41 million

Problem 4-8 Turnover (L02, CFA1) A mutual fund sold $41 million of assets during the year and purchased $39 million in assets. If the average daily assets of the fund were $116 million, what was the fund turnover? (Enter your answer as a percent rounded to 2 decimal places.) Fund turnover

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