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Business, 27.09.2019 01:00 seasmarie75

Suppose that every time a fund manager trades stock, transaction costs such as commissions and bid–ask spreads amount to 0.4% of the value of the trade. if the portfolio turnover rate is 50%, by how much is the total return of the portfolio reduced by trading costs? (round your answer to 1 decimal place.)

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Suppose that every time a fund manager trades stock, transaction costs such as commissions and bid–a...
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