A mutual fund investing in common stocks has adopted a liquidity risk measure limiting each of its holdings to a maximum of 30% of its 30-day average value traded. If the fund size is USD 3 billion, what is the maximum weight that the fund can hold in a stock with a 30-day average value traded of USD 2.4 million?
A. 24.00%
B. 0.08%
C. 0.024%
D. 80.0%