The New Fund had average daily assets of $2.2 billion last year. The fund sold $400 million

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The New Fund had average daily assets of $2.2 billion last year. The fund sold $400 million worth of stock and purchased $500 million during the year. What was its turnover ratio?

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Investments

ISBN: 9780073530703

9th Edition

Authors: Zvi Bodie, Alex Kane, Alan J. Marcus

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Question Posted: Jan 04, 2013 08:10 AM

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The New Fund had average daily assets of $2.2 billion last year. The fund sold $400 million

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Turnover Ratio Total sales Average Total Assets In the question ...View the full answer

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