How much is the total return of the portfolio reduced by, Financial Management

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How much is the total return of the portfolio reduced by

Trading Cost of a Fund Suppose that every time a fund manager trades stock, trading costs amount to 0.1% of the value of the trading amount. If the portfolio turnover rate is 100%, by how much is the total return of the portfolio reduced by the trading cost?

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Financial Management: How much is the total return of the portfolio reduced by

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Financial Management: How much is the total return of the portfolio reduced by

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