Ask Question
24 November, 18:59

A mutual fund rating agency ranks a fund's performance by using one to five stars. A one-star mutual fund is in the bottom 20% of its investment class; a five-star mutual fund is in the top 20% of its investment class. Interpret the meaning of a four-star mutual fund.

+5
Answers (1)
  1. 24 November, 20:22
    0
    Each star has a 20% difference.

    A four star rating would be above the bottom 60% (1, 2 and 3 stars) but be below the top 20%. (5 stars).
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A mutual fund rating agency ranks a fund's performance by using one to five stars. A one-star mutual fund is in the bottom 20% of its ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers