A Mutual Fund Had Average Daily Assets of $4

question 21

Multiple Choice

A mutual fund had average daily assets of $4.0 billion in 2018. The fund sold $1.5 billion worth of stock and purchased $1.6 billion worth of stock during the year. The fund's turnover ratio is

• A) 37.5%.
• B) 22%.
• C) 15%.
• D) 45%.
• E) 20%.

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Definitions:

Widow

An individual whose spouse has died and who has not remarried.

Gastrointestinal Motility

The movement of the digestive system and the transit of the contents within it.

Nutritional Interventions

Actions or strategies aimed at improving health or nutritional status through adjustments in diet.

Calories

A measurement of energy that food provides to the body.