Exam 4: Mutual Funds and Other Investment Companies

Assume that you purchased 200 shares of Super Performing mutual fund at a net asset value of $21 per share.During the year you received dividend income distributions of $1.50 per share and capital gains distributions of $2.85 per share.At the end of the year the shares had a net asset value of $23 per share.What was your rate of return on this investment

Which one of the following statements regarding open-end mutual funds is false

In 2012 the proportion of mutual funds (based on total assets) specializing in common stocks was

Of the following types of mutual funds, an investor who wishes to invest in a diversified portfolio of stocks worldwide (including the U.S.) should choose

You purchased shares of a mutual fund at a price of $20 per share at the beginning of the year and paid a front-end load of 6.0%.If the securities in which the fund invested increased in value by 10% during the year, and the fund's expense ratio was 1.5%, your return if you sold the fund at the end of the year would be

A mutual fund had average daily assets of $4.0 billion in 2012.The fund sold $1.5 billion worth of stock and purchased $1.6 billion worth of stock during the year.The fund's turnover ratio is

Patty O'Furniture purchased 100 shares of Green Isle mutual fund at a net asset value of $42 per share.During the year Patty received dividend income distributions of $2.00 per share and capital gains distributions of $4.30 per share.At the end of the year the shares had a net asset value of $40 per share.What was Patty's rate of return on this investment

Which of the following is true regarding equity mutual funds I. They invest primarily in stock. II. They may hold fixed-income securities as well as stock. III. Most hold money market securities as well as stock. IV. Two types of equity funds are income funds and growth funds.

Assume that you purchased shares of a mutual fund at a net asset value of $10.00 per share.During the year you received dividend income distributions of $0.05 per share and capital gains distributions of $0.06 per share.At the end of the year the shares had a net asset value of $8.16 per share.What was your rate of return on this investment

A mutual fund had year-end assets of $437,000,000 and liabilities of $37,000,000.If the fund NAV was $60.12, how many shares must have been held in the fund

At issue, offering prices of open-end funds will often be

Diversified Portfolios had year-end assets of $279,000,000 and liabilities of $43,000,000.If Diversified's NAV was $42.13, how many shares must have been held in the fund