Fund X Has a Return of 12% and Fund Y

question 51

Multiple Choice

Fund X has a return of 12% and fund Y has a return of 9%. From these data we can conclude:

• A) fund Y has outperformed fund X.
• B) fund X has outperformed fund Y.
• C) fund X has outperformed the market.
• D) more information is needed about the risk of each fund before we can make a judgment.

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Definitions:

Loss from Sale

An unfavorable difference between the selling price of an asset and its book value, leading to a financial loss for the entity.

Assets

Resources owned or controlled by a business, expected to bring future economic benefits.

Liabilities

Liabilities or monetary duties a firm has towards outside entities.

Revenues

The overall income earned from transactions of goods or services central to a business's core functions.