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Why is market segmentation an important variable in the strategy-implementation process?
Turnover Ratio
A measure of a fund or portfolio's holdings that have been replaced in a given year, indicating its trading activity.
Average Daily Assets
The average value of assets held by a fund over a specific period, usually calculated daily.
Stock
Shares of ownership in a corporation, giving shareholders a claim on the company's assets and earnings.
S&P 500
An American stock market index based on the market capitalizations of 500 large companies having common stock listed on the NYSE or NASDAQ.
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