A Mutual Fund Had Average Daily Assets of $2

question 7

Multiple Choice

A mutual fund had average daily assets of $2.0 billion in 2009.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%

---

Definitions:

Atactic Polystyrene

A form of polystyrene where the phenyl groups are randomly arranged, resulting in an amorphous material with no regularity in its structure.

Isotactic Poly(acrylonitrile)

A polymer form of acrylonitrile where the substituent groups are on the same side of the polymer chain, leading to a highly ordered structure.

Copolymers

Polymers derived from more than one species of monomer, resulting in a material with varied properties.

Polymers

Large molecules composed of repeated subunits called monomers, utilized in various materials and applications.