Question: Turnover ( LO2 , CFA3) A mutual fund sold $36 million of assets during the year and purchased $32 million in assets. If the average

Turnover (LO2, CFA3) A mutual fund sold $36 million of assets during the year and purchased $32 million in assets. If the average daily assets of the fund were $96 million?

what was the fund turnover ?

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