Question: Problem 4-8 Turnover (LO2, CFA1) A mutual fund sold $129 million of assets during the year and purchased $127 million in assets. If the average

Problem 4-8 Turnover (LO2, CFA1) A mutual fund sold $129 million of assets during the year and purchased $127 million in assets. If the average daily assets of the fund were $396 million, what was the fund turnover? (Enter your answer as a percent rounded to 2 decimal places.)

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