The Turnover for a Mutual Fund Refers To

question 77

Multiple Choice

The turnover for a mutual fund refers to:

• A)the length of time an average investor holds fund shares.
• B)a measure of trading activity.
• C)replacing the fund's investment manager.
• D)the annual change in the number of shares outstanding.
• E)the percentage change in the ownership of fund shares.

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Definitions:

Authority

Authority refers to the legal power or right given to an individual or body to make decisions, enforce rules, or control something or someone.

Employer's Organization

A group that represents the interests of employers in various industries.

Ratify

To officially approve or confirm, often used in the context of validating agreements or contracts.

Actual Authority

The power that an agent or representative has been formally given by a principal to conduct specific acts.