Multiple Choice
A mutual fund has sales during the year of $86 million and purchases of $94 million. If the average daily assets of the fund were $110 million, what was the fund turnover?
A) 0.82
B) 0.71
C) 0.78
D) 0.74
E) 0.85
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q88: A company that pools funds of individual
Q89: Which of the following fund types is
Q90: A closed-end fund has total assets of
Q91: A mutual fund has 2,000 shares of
Q92: A mutual fund had assets of $210
Q94: A(n) _ is a non-corporate form of
Q95: A mutual fund has 40,000 shares of
Q96: Suppose you are planning to invest in
Q97: The ABC Fund is a closed-end fund
Q98: A deferred sales charge is also know