A Mutual Fund Had Average Daily Assets of $4

question 2

Multiple Choice

A mutual fund had average daily assets of $4.7 billion in 2012.The fund sold $2.2 billion worth of stock and purchased $3.6 billion worth of stock during the year.The fund's turnover ratio is

• A)37.5%.
• B)22.6%.
• C)15.3%.
• D)46.8%.
• E)20.7%.

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Definitions:

Tardive Dyskinesia

A neurological syndrome caused by the long-term use of neuroleptic drugs, characterized by repetitive, involuntary, purposeless movements.

Depression

A mental health disorder marked by persistent sadness, lack of interest or pleasure in activities, and may include symptoms such as changes in appetite or sleep patterns.

Antidepressant Drugs

Medications prescribed to alleviate symptoms of depression by adjusting brain chemistry.

Placebos

Substances that have no therapeutic effect, used as a control in testing new drugs, or sometimes for therapeutic effect in patients through a placebo effect.