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Unformatted text preview: manager B) are not subject to SEC regulation C) investment strategies can make heavy use of derivatives and leverage D) all of the above 5. Assume that you have just purchased some shares in an investment company reporting $300 million in assets, $20 million in liabilities, and 30 million shares outstanding. What is the Net Asset Value (NAV) of these shares? A) $10 B) $9.33 C) $15 D) $1.50 6. Mutual funds that hold both equities and fixed-income securities in relatively stable proportions are called ____________________. A) income funds B) balanced funds C) asset allocation funds D) index funds...
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- Spring '08
- Stock exchange, New York Stock, York Stock Exchange