Chapter 13 - Chapter 13 Review Questions True/False 1. 2....

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Chapter 13 Review Questions True/False 1. The most important advantage of a mutual fund is pooled diversification. 2. The net asset value (NAV) per share is found by dividing the market value of the fund’s securities less the fund’s liabilities by the number of shares outstanding. 3. Spiders are exchange-traded funds based on the Dow Jones Industrial Average. 4. A fund’s objective must be stated in its prospectus. 5. A real estate investment trust that invests only in mortgages is called an equity trust. 6. When you buy shares in a load fund, you will pay the NAV. 7. Loads are transaction charges for mutual funds. 8. A 12(b)01 fee can only be charged by a load mutual fund. 9. Mutual funds may be classified by the types of securities they purchase. 10. For most investors, the best way to deal in foreign securities is through an international mutual fund. Multiple Choice 1. What type of REIT is most attractive to income oriented investors? a.
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This note was uploaded on 08/28/2009 for the course BUS ACG2021 taught by Professor Yost during the Spring '08 term at W. Florida.

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Chapter 13 - Chapter 13 Review Questions True/False 1. 2....

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