An Active Portfolio Manager Sold $90 Million of Stocks in a Year.If

question 18

Multiple Choice

An active portfolio manager sold $90 million of stocks in a year.If the portfolio had an average value of $110 million in assets under management what is the portfolio turnover ratio?

• A) 22.2%
• B) 81.8%
• C) 90.0%
• D) 110.0%
• E) 122.2%

---

Definitions:

DSM-5

The Diagnostic and Statistical Manual of Mental Disorders, Fifth Edition, a handbook used by healthcare professionals as the authoritative guide to diagnosing mental disorders.

Psychological Problems

Refers to mental health issues affecting mood, thinking, and behavior that require intervention.

Clouded Consciousness

A state where there is a reduction in alertness and clarity of awareness of the environment, leading to confusion and diminished ability to think clearly.

Nursing Home

A residential facility for individuals who require constant nursing care and have significant difficulty coping with the required activities of daily living.