Consider the following trading and performance data for four different equity mutual funds: -Select- managed. Fund...

  

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Consider the following trading and performance data for four different equity mutual funds: -Select- managed. Fund X: Assets under Management, Avg. for Past 12 months (mil) Security Sales, Fund Y: Past 12 months (mil) Expense Ratio -Select- -Select- Funds Z and W Funds Z and X Funds Z and Y Funds W and X Funds W and Y Funds X and Y Icon Key v Pretax Return, 3-year avg. Tax-adjusted Return, 3-year avg. 9.10% % % % a. Calculate the portfolio turnover ratio for each fund. Do not round intermediate calculations. Round your answers to two decimal places. Fund W: Fund X: Fund Y: Fund Z: b. Which two funds are most likely to be actively managed and which two are most likely passive funds? are most likely passively managed portfolios; -Select- % % Fund W Fund X $296.5 $652.2 % $42.4 $574.9 % 0.34% 0.69% 9.74% 10.55% 8.90% % Fund Z: d. Which funds were the most and least tax efficient in the operations? vwere the most tax efficient and -Select- Fund Y $1,286.4 c. Calculate the tax cost ratio for each fund. Do not round intermediate calculations. Round your answers to two decimal places. Fund W: $1,467.6 1.16% 10.34% 9.15% Fund Z $5,551.4 $424.5 0.27% 9.99% 9.46% ✓are most likely to be actively V were the least tax efficient. Consider the following trading and performance data for four different equity mutual funds: -Select- managed. Fund X: Assets under Management, Avg. for Past 12 months (mil) Security Sales, Fund Y: Past 12 months (mil) Expense Ratio -Select- -Select- Funds Z and W Funds Z and X Funds Z and Y Funds W and X Funds W and Y Funds X and Y Icon Key v Pretax Return, 3-year avg. Tax-adjusted Return, 3-year avg. 9.10% % % % a. Calculate the portfolio turnover ratio for each fund. Do not round intermediate calculations. Round your answers to two decimal places. Fund W: Fund X: Fund Y: Fund Z: b. Which two funds are most likely to be actively managed and which two are most likely passive funds? are most likely passively managed portfolios; -Select- % % Fund W Fund X $296.5 $652.2 % $42.4 $574.9 % 0.34% 0.69% 9.74% 10.55% 8.90% % Fund Z: d. Which funds were the most and least tax efficient in the operations? vwere the most tax efficient and -Select- Fund Y $1,286.4 c. Calculate the tax cost ratio for each fund. Do not round intermediate calculations. Round your answers to two decimal places. Fund W: $1,467.6 1.16% 10.34% 9.15% Fund Z $5,551.4 $424.5 0.27% 9.99% 9.46% ✓are most likely to be actively V were the least tax efficient.

Answer rating: 100% (QA)

a Portfolio turnover 3722894 56936537 1453812984 437155673 12858... View the full answer