1 the new fund had average daily assets of 42 billion in, Ask an Expert

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1. The New Fund had average daily assets of $4.2 billion in the past year. The fund sold $430 million and purchased $520 million worth of stock during the year. What was its turnover ratio? (Round your answer to 2 decimal places.)

2. An open-end fund has a net asset value of $11.40 per share. It is sold with a front-end load of 7%. What is the offering price? (Round your answer to 2 decimal places.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92847503

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