A Mutual Fund Had Average Daily Assets of $3

question 41

Multiple Choice

A mutual fund had average daily assets of $3.0 billion in 2009.The fund sold $600 million worth of stock and purchased $700 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:

Punishment

A consequence given to reduce the occurrence of a particular behavior.

Modelling

The process of representing a real-world system or phenomenon through a set of mathematical equations, simulations, or physical replicas.

Extinction

In behavior, the process by which a previously reinforced behavior is weakened by no longer providing reinforcement.

Negative Reinforcement

A behavioral technique that strengthens a behavior by removing or avoiding a negative outcome or stimulus.