Sector fund specializing in commercial bank stocks

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Reference no: EM131027040

A sector fund specializing in commercial bank stocks had average daily assets of $3.4 billion during the year. This fund sold $1.25 billion worth of stock during the year, and its turnover ratio was .42. How much stock did this mutual fund purchase during the year?

Reference no: EM131027040

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Sector fund specializing in commercial bank stocks : A sector fund specializing in commercial bank stocks had average daily assets of $3.4 billion during the year. This fund sold $1.25 billion worth of stock during the year, and its turnover ratio was .42. How much stock did this mutual fund purchase d..

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