A mutual fund had average daily assets of $4.7 billion in 2012.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%.
Correct Answer:
Verified
Q49: A mutual fund had year-end assets of
Q57: Of the following types of ETFs, an
Q58: A mutual fund had NAV per share
Q60: A mutual fund had NAV per share
Q61: A mutual fund had average daily assets
Q63: Discuss the taxation of mutual fund income.
Q64: List and describe the more important types
Q65: Discuss the consistency of mutual fund performance
Q66: A mutual fund had average daily assets
Q68: You purchased shares of a mutual fund
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents