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