A Mutual Fund Had Average Daily Assets of $2

question 3

Multiple Choice

A mutual fund had average daily assets of $2.0 billion in 2012.The fund sold $500 million worth of stock and purchased $600 million worth of stock during the year.The fund's turnover ratio is

• A)27.5%.
• B)12%.
• C)15%.
• D)25%.
• E)20%.

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Definitions:

Stereotype Threat

The risk of conforming to stereotypes about one's social group, which can negatively affect performance and self-perception.

Race Indication

Information or signs that suggest or determine an individual's racial background or identity.

Test Performance

Refers to an individual's performance on standardized tests, measuring aspects like intelligence, aptitude, or specific skills.

Stereotype Threat

The risk of confirming negative stereotypes about an individual's racial, ethnic, gender, or cultural group, which can impair performance in a variety of settings.