Question 1

Mutual funds do not offer

Accepted Answer

A)  automatic reinvestment plans. 
B)  guaranteed performance. 
C)  regular income programs. 
D)  conversion privileges. 
E)  retirement plans. 
A)  automatic reinvestment plans. 
B)  guaranteed performance. 
C)  regular income programs. 
D)  conversion privileges. 
E)  retirement plans.

Question 2

Creviston Mutual Fund,a load fund,holds securities valued at $90,000,000 on August 30.The fund had liabilities of $2,000,000 and 4,800,000 shares outstanding.Calculate the net asset value per share on this day.(Show all work. )

Accepted Answer

@#IMG-DLM& Net asset

Question 3

The individual manager of a mutual fund has little to do with a fund's success.

Accepted Answer

A) True 
 B)False

Question 4

In the Wall Street Journal's listing of mutual funds,a "p" after the mutual fund name and before the NAV means that the particular mutual fund has a ____ associated with it.

Accepted Answer

A)  front-end load 
B)  back-end load 
C)  12b-1 fee 
D)  management fee 
E)  none of the above 
A)  front-end load 
B)  back-end load 
C)  12b-1 fee 
D)  management fee 
E)  none of the above

Question 5

A mutual fund allows investors to

Accepted Answer

A)  Trade stocks on the NASDAQ 
B)  Instruct the purchase of specific securities 
C)  Become owners of a widely diversified portfolio of securities 
D)  Deduct unrealized losses from their taxes 
E)  All of the above 
A)  Trade stocks on the NASDAQ 
B)  Instruct the purchase of specific securities 
C)  Become owners of a widely diversified portfolio of securities 
D)  Deduct unrealized losses from their taxes 
E)  All of the above

Question 6

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.Select A for the first item,B for the second item,and C if neither item will correctly complete the statement.
-The NAV would indicate the price at which you could buy shares in a [load | no load] mutual fund.

Accepted Answer

The answer of INSTRUCTIONS: Choose the word or phrase in...

Question 7

A mutual fund with an objective of both growth and income is a(n)

Accepted Answer

A)  bond fund. 
B)  equity-income fund. 
C)  growth fund. 
D)  sector fund. 
E)  balanced fund. 
A)  bond fund. 
B)  equity-income fund. 
C)  growth fund. 
D)  sector fund. 
E)  balanced fund.

Question 8

Socially responsible funds have experienced lower return than other types of funds of similar risk.

Accepted Answer

A) True 
 B)False

Question 9

Using the information below,what was yesterday's NAV?

Accepted Answer

A)  $38.36 
B)  $38.42 
C)  $38.49 
D)  $40.27 
E)  $40.41 
A)  $38.36 
B)  $38.42 
C)  $38.49 
D)  $40.27 
E)  $40.41

Question 10

The approximate yield on a mutual fund depends only on the fund's dividend income and capital gains distributions.

Accepted Answer

A) True 
 B)False

Question 11

A mutual fund with a high 12(b)-1 fee will have a low expense ratio.

Accepted Answer

A) True 
 B)False

Question 12

A hybrid REIT would invest only in real estate mortgages.

Accepted Answer

A) True 
 B)False

Question 13

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.Select A for the first item,B for the second item,and C if neither item will correctly complete the statement.
-All funds will have [management | 12(b)-1] fees.

Accepted Answer

The answer of INSTRUCTIONS: Choose the word or phrase in...

Question 14

ETF often distribute large capital gains to their shareholders.

Accepted Answer

A) True 
 B)False

Question 15

Sector funds usually restrict their investments to specific industries.

Accepted Answer

A) True 
 B)False

Question 16

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.Select A for the first item,B for the second item,and C if neither item will correctly complete the statement.
-"Mutual Fund" technically refers to [an open-end | a closed-end] investment company.

Accepted Answer

The answer of INSTRUCTIONS: Choose the word or phrase in...

Question 17

A mutual fund prospectus is required to fully disclose all fund fees and expenses.

Accepted Answer

A) True 
 B)False

Question 18

____ would not be a reason for purchasing mutual funds.

Accepted Answer

A)  Diversification 
B)  Professional management 
C)  Tax advantage 
D)  Financial return 
E)  Convenience 
A)  Diversification 
B)  Professional management 
C)  Tax advantage 
D)  Financial return 
E)  Convenience

Question 19

The NAV of an open-ended mutual fund priced at $10 be if the load is 4%?

Accepted Answer

A)  $10.40 
B)  $10.00 
C)  $9.60 
D)  $9.40 
E)  $9.20 
A)  $10.40 
B)  $10.00 
C)  $9.60 
D)  $9.40 
E)  $9.20

Question 20

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.

Accepted Answer

A) True 
 B)False

Mutual funds do not offer

Creviston Mutual Fund,a load fund,holds securities valued at $90,000,000 on August 30.The fund had liabilities of $2,000,000 and 4,800,000 shares outstanding.Calculate the net asset value per share on this day.(Show all work. )

The individual manager of a mutual fund has little to do with a fund's success.

In the Wall Street Journal's listing of mutual funds,a "p" after the mutual fund name and before the NAV means that the particular mutual fund has a ____ associated with it.

A mutual fund allows investors to

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.Select A for the first item,B for the second item,and C if neither item will correctly complete the statement. -The NAV would indicate the price at which you could buy shares in a [load | no load] mutual fund.

A mutual fund with an objective of both growth and income is a(n)

Socially responsible funds have experienced lower return than other types of funds of similar risk.

Using the information below,what was yesterday's NAV?

The approximate yield on a mutual fund depends only on the fund's dividend income and capital gains distributions.

A mutual fund with a high 12(b)-1 fee will have a low expense ratio.

A hybrid REIT would invest only in real estate mortgages.

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.Select A for the first item,B for the second item,and C if neither item will correctly complete the statement. -All funds will have [management | 12(b)-1] fees.

ETF often distribute large capital gains to their shareholders.

Sector funds usually restrict their investments to specific industries.

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.Select A for the first item,B for the second item,and C if neither item will correctly complete the statement. -"Mutual Fund" technically refers to [an open-end | a closed-end] investment company.

A mutual fund prospectus is required to fully disclose all fund fees and expenses.

____ would not be a reason for purchasing mutual funds.

The NAV of an open-ended mutual fund priced at $10 be if the load is 4%?

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.

Understanding the Financial Planning Process

Your Financial Statements and Plans

Preparing Your Taxes

Managing Your Cash and Savings

Making Automobile and Housing Decisions

Using Credit

Using Consumer Loans

Insuring Your Life

Insuring Your Health

Protecting Your Property

Investment Planning

Investing in Stocks and Bonds

Planning for Retirement

Preserving Your Estate

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Exam 13: Investing in Mutual Funds

Mutual funds do not offer

Creviston Mutual Fund,a load fund,holds securities valued at $90,000,000 on August 30.The fund had liabilities of $2,000,000 and 4,800,000 shares outstanding.Calculate the net asset value per share on this day.(Show all work. )

The individual manager of a mutual fund has little to do with a fund's success.

In the Wall Street Journal's listing of mutual funds,a "p" after the mutual fund name and before the NAV means that the particular mutual fund has a ____ associated with it.

A mutual fund allows investors to

A mutual fund with an objective of both growth and income is a(n)

Socially responsible funds have experienced lower return than other types of funds of similar risk.

Using the information below,what was yesterday's NAV?

The approximate yield on a mutual fund depends only on the fund's dividend income and capital gains distributions.

A mutual fund with a high 12(b)-1 fee will have a low expense ratio.

A hybrid REIT would invest only in real estate mortgages.

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.Select A for the first item,B for the second item,and C if neither item will correctly complete the statement. -All funds will have [management | 12(b)-1] fees.

ETF often distribute large capital gains to their shareholders.

Sector funds usually restrict their investments to specific industries.

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.Select A for the first item,B for the second item,and C if neither item will correctly complete the statement. -"Mutual Fund" technically refers to [an open-end | a closed-end] investment company.

A mutual fund prospectus is required to fully disclose all fund fees and expenses.

____ would not be a reason for purchasing mutual funds.

The NAV of an open-ended mutual fund priced at $10 be if the load is 4%?

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.

Understanding the Financial Planning Process

Your Financial Statements and Plans

Preparing Your Taxes

Managing Your Cash and Savings

Making Automobile and Housing Decisions

Using Credit

Using Consumer Loans

Insuring Your Life

Insuring Your Health

Protecting Your Property

Investment Planning

Investing in Stocks and Bonds

Planning for Retirement

Preserving Your Estate

Filters