Multiple Choice Quiz4 - Multiple Choice Quiz

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Multiple Choice Quiz (See related pages) Results Reporter Out of 10 questions, you answered 3 correctly with a final grade of 30% 3 correct (30%) 7 incorrect (70%) 0 unanswered (0%) Your Results: The correct answer for each question is indicated by a . 1 INCORRECT Which one of the following statements regarding open-end mutual funds is false? A) The funds redeem shares at net asset value. B) The funds offer investors professional management. C) The funds offer investors a guaranteed rate of return. D) B and C. E) A and B. Feedback: Open-end mutual funds redeem shares at net asset value and offer investors professional management. However, they do not offer investors a guaranteed rate of return. 2 INCORRECT Which one of the following statements regarding closed-end mutual funds is false? A) The funds always trade at a discount from NAV. B) The funds redeem shares at their net asset value. C) The funds offer investors diversification. D) A and B. E) None of the above. Feedback: Closed-end mutual funds trade at premiums and discounts from NAV. 3 INCORRECT Century fund had average daily assets of $3.0 billion in 2007. The fund sold $750 million worth of stock and purchased $850 million worth of stock during the year. Century fund's turnover
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Multiple Choice Quiz4 - Multiple Choice Quiz

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