Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. 3. the new fund had average daily assets of $3.3 b

3. The New Fund had average daily assets of $3.3 billion in the past year....

60.1K

Verified Solution

Question

Finance

image

3. The New Fund had average daily assets of $3.3 billion in the past year. The fund sold $411 million and purchased $511 million worth of stock during the year. What was its turnover ratio? Round your answer to 2 decimal places.) Turnover ratio

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Algebra
1.2K views

7 Let f x 2tan x 3 and let g x 7 tan x 2...

Biology
1.2K views

what are the main controversies with the fungal phylogeny as a kingdom?

Chemistry
1.2K views

Calculate the collision frequency for the N2 – N2 collisions, N2 – O2 collisions and O2 –...

Physics
1.2K views

A cue ball traveling at 7.77 m/s makes a glancing, elastic collision with a target ball...

Biology
1.2K views

Name the three main parts of an ant s body

Geometry
1.2K views

2 The equation x 6x y 6y 9 0 is an equation of a circle...

Algebra
1.2K views

1 Find the volume of the following selids SHOW WORK WITH FORMULA Round your answer...

Algebra
1.2K views

Alice deposits $500 in her account at the rate 6% compounded annually. What will be...

Accounting
1.2K views

Cost Accounting NSU Printing, Inc. produces three types of textbooks: ACCT, BADM, and...

Accounting
1.2K views

please help me with number 6 question. i need help with this soon as possible....

Accounting
1.2K views

1. ABC Inc. commenced operations in 2020. The company's owners invested $1,450,000 of capital in...

Accounting
1.2K views

Partner Bonus Gomez has a capital balance of $240,000 after adjusting assets to fair market...