The Aggressive Eastern Fund Sold $278 Million of Assets During

question 80

Multiple Choice

The Aggressive Eastern Fund sold $278 million of assets during the year and purchased $295 million of new assets. The average daily assets of the fund were $438 million. What is the turnover rate?

• A).63
• B).65
• C).67
• D).97
• E)1.03

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Definitions:

Cathode-ray Tube

A vacuum tube containing one or more electron guns and a fluorescent screen, used to display images or visualize electronic signals.

George Ohm

A German physicist known for formulating Ohm's Law, which relates the voltage across a conductor to the current flowing through it, proportional to its resistance.

Wilhelm Roentgen

A German physicist known for discovering X-rays, a significant breakthrough in the field of radiography and medical imaging.

Electrolyte

A chemical compound capable of conducting electric current by being broken down into ions. Electrolytes can be acids or alkalis.