Ask Question
Today, 13:25

Eastern states mutual fund sold $82.5 million of assets during the year and purchased $93 million of new assets. the average daily assets of the fund were $330 million. what is the fund's turnover rate for the year?.25

+5
Answers (1)
  1. Today, 13:57
    0
    Mutual fund sold $82.5 million

    Mutual fund purchased $93 million

    Average daily assets of the fund $330 million

    The turnover rate for the year = mutual fund sold / average daily assets

    Turnover = $82.5 million / $330 million = 1 / 4 = 0.25
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Eastern states mutual fund sold $82.5 million of assets during the year and purchased $93 million of new assets. the average daily assets ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers