Chapter4 HW - Chapter 4 1. A _ invests in a portfolio that...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter 4 1. A ___ invests in a portfolio that is fixed for the life of the fund. A) mutual fund B) money market fund C) managed investment company D) unit investment trust 2. A ___________________ fund is set up by a partnership of investors who wish to pool their funds. A) discretionary B) commingled C) closed-end D) conglomerate 3. A contingent deferred sales charge is commonly called a ____. A) front-end load B) back-end load C) 12b-1 charge D) none of the above 4. Mutual funds perform the function of __________ for their shareholders. A) diversification B) professional management C) record keeping and administration D) all of the above 5. The primary measurement unit used for assessing the value of one's stake in an investment company is ___________________. A) Net Asset Value B) Average Asset value C) Gross Asset Value D) Total Asset Value 6. Net Asset Value is defined as ________________________. A) book value of assets divided by shares outstanding B) book value of assets minus liabilities divided by shares outstanding C) market value of assets divided by shares outstanding D) market value of assets minus liabilities divided by shares outstanding 1
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
7.Investors who wish to liquidate their holdings in a closed-end fund may
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 02/09/2009 for the course FI 312 taught by Professor Seo during the Spring '09 term at Michigan State University.

Page1 / 4

Chapter4 HW - Chapter 4 1. A _ invests in a portfolio that...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online