A Mutual Fund Had Average Daily Assets of $4

question 5

Multiple Choice

A mutual fund had average daily assets of $4.7 billion in 2018. The fund sold $2.2 billion worth of stock and purchased $3.6 billion worth of stock during the year. The fund's turnover ratio is

• A) 37.5%.
• B) 22.6%.
• C) 15.3%.
• D) 46.8%.
• E) 20.7%.

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Definitions:

Training Role

The responsibilities involved in designing, implementing, and evaluating training programs to improve employee skills and knowledge.

Competencies

Set of skills, knowledge, abilities, and attributes that are required for success in a particular job or professional role.

Competitive Advantage

Describes a company's ability to perform in one or more ways that competitors cannot or will not match, thus creating more value for its customers.

Apprenticeship Programs

Structured programs combining on-the-job training with classroom instruction, aimed at skilled trades professions.