An open end mutual fund has average daily assets of 34


An open end mutual fund has average daily assets of $3.4 billion during the year. It sold $1.25 billion worth of stocks and bought $1.4 billion worth of stocks during the year. 

What’s its turnover ratio?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: An open end mutual fund has average daily assets of 34
Reference No:- TGS01157491

Expected delivery within 24 Hours