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The New Fund had average daily assets of $22 billion last year The fund sold $400 million worth of stock and purchased $500 million during the year What was its turnover ratio Round your answer

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? (Round your answer to 1 decimal place. Omit the sign in your response.)
 

Apr 23 2020 View more View Less

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