The Aggressive Eastern Fund Sold $167 Million of Assets During

question 17

Multiple Choice

The Aggressive Eastern Fund sold $167 million of assets during the year and purchased $162 million of new assets.The average daily assets of the fund were $248 million.What is the turnover rate?

• A).62
• B).65
• C).67
• D).97
• E)1.03

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Definitions:

Prejudice

Preconceived opinion or judgment without adequate information or experience, often leading to biased attitudes towards individuals or groups.

Stigma

A mark of disgrace associated with a particular circumstance, quality, or person that can lead to discrimination or social rejection.

Conscientiousness

A personality trait characterized by diligence, carefulness, thoroughness, self-discipline, and the desire to do a task well.

Responsible

Being accountable for something within one's power, control, or management.