A Mutual Fund Had Average Daily Assets of $4

question 63

Multiple Choice

A mutual fund had average daily assets of $4.7 billion in 2009.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:

Manifest Content

In psychoanalytic theory, particularly in the context of Sigmund Freud's work, this term refers to the actual literal content and storyline of a dream as remembered by the dreamer.

Latent Content

The underlying, unconscious thoughts and feelings that a dream represents, in psychoanalytic theory.

Oedipal Content

Psychological concepts related to the Oedipus complex, Freud's theory of a child's feelings of desire for the opposite-sex parent and jealousy toward the same-sex parent.

Reaction Formation

A psychological strategy wherein a person subconsciously swaps out undesirable emotions or ideas with their direct contrasts.