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Investments Study Set 4

Business

Quiz 4 :

Mutual Funds and Other Investment Companies

Quiz 4 :

Mutual Funds and Other Investment Companies

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Pinnacle Fund had year-end assets of $825,000,000 and liabilities of $25,000,000.If Pinnacle's NAV was $32.18, how many shares must have been held in the fund?
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Multiple Choice
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Answer:

C

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Investors in closed-end funds who wish to liquidate their positions must
Free
Multiple Choice
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Answer:

A

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Funds are commonly classified by
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Multiple Choice
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Answer:

A

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Which one of the following statements regarding closed-end mutual funds is false?
Multiple Choice
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Which one of the following statements regarding open-end mutual funds is false?
Multiple Choice
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Investors' Choice Fund had NAV per share of $37.25 on January 1, 2016.On December 31 of the same year, the fund's rate of return for the year was 17.3%.Income distributions were $1.14, and the fund had capital gain distributions of $1.35.Without considering taxes and transactions costs, what ending NAV would you calculate for Investors' Choice?
Multiple Choice
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______ are balanced funds in which the asset mix can range from aggressive (primarily marketed to younger investors) to conservative (directed at older investors)
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Which of the following is not an advantage of owning mutual funds?
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The Profitability Fund had NAV per share of $17.50 on January 1, 2016.On December 31 of the same year, the fund's NAV was $19.47.Income distributions were $0.75, and the fund had capital gain distributions of $1.00.Without considering taxes and transactions costs, what rate of return did an investor receive on the Profitability Fund last year?
Multiple Choice
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Closed-end funds are frequently issued at a ______ to NAV and subsequently trade at a __________ to NAV.
Multiple Choice
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Most actively-managed mutual funds, when compared to a market index such as the Wilshire 5000,
Multiple Choice
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Which of the following statements about real estate investment trusts is true?
Multiple Choice
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A review of Canadian mutual funds by investment orientation at year-end 2017 shows that over half of assets were in
Multiple Choice
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Which of the following statements about money market mutual funds is true?
Multiple Choice
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Fund of Funds are:
Multiple Choice
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Diversified Portfolios had year-end assets of $279,000,000 and liabilities of $43,000,000.If Diversified's NAV was $42.13, how many shares must have been held in the fund?
Multiple Choice
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Multiple Mutual Funds had year-end assets of $457,000,000 and liabilities of $17,000,000.There were 24,300,000 shares in the fund at year end.What was Multiple Mutual's net asset value?
Multiple Choice
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At issue, offering prices of open-end funds will often be
Multiple Choice
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Growth Fund had year-end assets of $862,000,000 and liabilities of $12,000,000.There were 32,675,254 shares in the fund at year end.What was Growth Fund's net asset value?
Multiple Choice
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Pools of money invested in a portfolio that is fixed for the life of the fund are called
Multiple Choice
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