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The New Fund had average daily assets of $4.2 billion in thepast year. The fund sold $430

The New Fund had average daily assets of $4.2 billion in thepast year. The fund sold $430

The New Fund had average daily assets of $4.2 billion in thepast year. The fund sold $430 million and purchased $520 millionworth of stock during the year. What was its turnover ratio? (Roundyour answer to 2 decimal places.)

Abhinav 02-Dec-2019

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