A Mutual Fund Had Average Daily Assets of $4

question 108

Multiple Choice

A mutual fund had average daily assets of $4.0 billion in 2016. The fund sold $1.5 billion worth of stock and purchased $1.6 billion worth of stock during the year. The fund's turnover ratio is

• A) 37.5%.
• B) 22%.
• C) 15%.
• D) 45%.
• E) 20%.

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Definitions:

Antidepressants

Medications prescribed to treat depression and other conditions by altering brain chemistry.

Anxiety-Related Disorders

A group of mental health disorders characterized by significant feelings of anxiety and fear.

Benzodiazepines

A class of psychoactive drugs used to treat conditions such as anxiety, insomnia, and seizures by enhancing the effect of the neurotransmitter GABA in the brain.

Stimulants

Substances that increase activity, attention, and alertness by speeding up the messaging between the brain and the body.