Chapter 23 Practice problem

Chapter 23 Practice problem - FRL 315 Chapter 23 Practice...

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FRL 315 Chapter 23 Practice Problems 1. No-load mutual funds are normally promoted by ______. Load funds are promoted by ______. A) registered representatives of a brokerage firm; registered representatives of a brokerage firm B) registered representatives of a brokerage firm; the mutual fund of concern C) the mutual fund of concern; registered representatives of a brokerage firm D) the mutual fund of concern; the mutual fund of concern 2. To cover managerial expenses, mutual funds typically charge A) management fees of 1 to 2 percent of total assets per year. B) commissions of typically 8 to 10 percent of transaction market value per year. C) management fees of typically more than 10 percent of total assets per year. D) commissions of typically 3 to 5 percent of the transaction market value per year. 3. Mutual funds that do not repurchase their shares from investors are A) closed-end mutual funds. B) load mutual funds. C) no-load mutual funds. D) open-end mutual funds. 4. Exchange-traded funds are like open-end funds in the sense that A) their shares are traded on an exchange, and their share price changes throughout the day. B) they have a fixed number of shares.
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Chapter 23 Practice problem - FRL 315 Chapter 23 Practice...

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