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An active portfolio manager sold 100 million Baht of stocks in a year. If the...

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Finance

An active portfolio manager sold 100 million Baht of stocks in a year. If the portfolio had an average value of 110 million baht in assets under management what is the portfolio turnover ratio?

90.91%

77.27%

No correct answer

72.73%

Answer & Explanation Solved by verified expert
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