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A Mutual Fund Had Average Daily Assets of $2

Question 35

Multiple Choice

A mutual fund had average daily assets of $2.0 billion in 2018. The fund sold $500 million worth of stock and purchased $600 million worth of stock during the year. The fund's turnover ratio is


A) 27.5%.
B) 12%.
C) 15%.
D) 25%.
E) 20%.

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