A mutual fund has total assets outstanding of $69 million. During the year the fund bought and sold assets equal to $17.25 million. This fund's turnover rate was ________.
A) 25%
B) 28.5%
C) 18.63%
D) 33.4%
Correct Answer:
Verified
Q67: _ have become the main way for
Q68: An open-end fund has a NAV of
Q69: The difference between balanced funds and asset
Q70: Harold has just taken his company public
Q71: Which of the following funds are usually
Q73: The assets of a mutual fund are
Q74: The Stone Harbor Fund is a closed-end
Q75: The offer price of an open-end fund
Q76: The ratio of trading activity of a
Q77: You invest in a mutual fund that
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