Fund XYZ Had a Pretax Return of 10

question 24

Multiple Choice

Fund XYZ had a pretax return of 10.2% and a tax-adjusted return of 9.5%.Calculate Fund XYZ's tax cost ratio.

• A) 0.006
• B) 0.106
• C) 0.116
• D) 0.342
• E) 0.635

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Definitions:

Equal Distances

In mathematics and statistics, a concept where the separation between points or values in a sequence or scale is consistent across the sequence.

Absolute Zero

The point on a scale at which no quantity of what is being measured exists, representing a complete absence of that entity.

ACT

A standardized test used for college admissions in the United States, measuring skills in English, mathematics, reading, and science, with an optional writing test.

Standard Score

A score that has been transformed to fit into a standard scale, allowing comparison across different tests or assessments.