Consider the following trading and performance data for four different equity mutual funds:     Fund W Fund x Fund y Fund z   Assets under Management, $284.4 $662.1 $1,286.4 $5,564.6       Avg. for Past 12 months (mil)           Security Sales, $44.6 $566.1 $1,455.6 $438.8       Past 12 months (mil)           Expense Ratio 0.33% 0.75% 1.19% 0.24%   Pretax Return, 3-year avg. 9.85% 10.65% 10.44% 9.73%   Tax-adjusted Return, 3-year avg. 8.84% 8.84% 9.10% 9.04%     Calculate the portfolio turnover ratio for each fund. Do not round intermediate calculations. Round your answers to two decimal places. Fund W:   % Fund X:   % Fund Y:   % Fund Z:   %

Essentials of Business Analytics (MindTap Course List)
2nd Edition
ISBN:9781305627734
Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
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Chapter2: Descriptive Statistics
Section: Chapter Questions
Problem 17P: Suppose that you initially invested 10,000 in the Stivers mutual fund and 5,000 in the Trippi mutual...
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Consider the following trading and performance data for four different equity mutual funds:

 

  Fund W Fund x Fund y Fund z  
Assets under Management, $284.4 $662.1 $1,286.4 $5,564.6  
    Avg. for Past 12 months (mil)          
Security Sales, $44.6 $566.1 $1,455.6 $438.8  
    Past 12 months (mil)          
Expense Ratio 0.33% 0.75% 1.19% 0.24%  
Pretax Return, 3-year avg. 9.85% 10.65% 10.44% 9.73%  
Tax-adjusted Return, 3-year avg. 8.84% 8.84% 9.10% 9.04%  

 

  1. Calculate the portfolio turnover ratio for each fund. Do not round intermediate calculations. Round your answers to two decimal places.

    Fund W:   %

    Fund X:   %

    Fund Y:   %

    Fund Z:   %

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