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Options
- A
10 times
- B
0.5 times
-
2 times
Correct answer
- D
20 times
Why this is the answer
The Portfolio Turnover Ratio is calculated as: \[ \text{Turnover Ratio} = \frac{\text{Total Purchase and Sale of Securities}}{\text{Average Net Assets}} = \frac{1600}{800} = 2 \text{ times}. \]
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