Question 1

Money market mutual funds are

Accepted Answer

A) high risk and not very liquid. 
B) high risk and very liquid. 
C) low risk and not very liquid. 
D) low risk and very liquid. 
A) high risk and not very liquid. 
B) high risk and very liquid. 
C) low risk and not very liquid. 
D) low risk and very liquid.

Question 2

Open-end mutual fund companies sell directly to investors and repurchase units whenever investors wish to sell them.

Accepted Answer

A) True 
 B)False

Question 3

If Raymond does not want to pay any fees to invest in mutual funds,he should pick

Accepted Answer

A) no-load mutual funds. 
B) front-end load mutual funds. 
C) back-end load mutual funds. 
D) zero-fee mutual funds. 
A) no-load mutual funds. 
B) front-end load mutual funds. 
C) back-end load mutual funds. 
D) zero-fee mutual funds.

Question 4

A family of mutual funds is

Accepted Answer

A) where all of the funds have the same objective such as bond funds. 
B) a number of funds with different objectives operated by one investment company. 
C) where a number of competing investment companies pool their resources. 
D) quite rare in the mutual fund industry. 
A) where all of the funds have the same objective such as bond funds. 
B) a number of funds with different objectives operated by one investment company. 
C) where a number of competing investment companies pool their resources. 
D) quite rare in the mutual fund industry.

Question 5

Three and a half years ago you purchased 1200 units of a fund with a NAV of $16.75.The NAV is now $34.50 and the fund had a 6 percent redemption fee declining at 1 percent per year and based on the value of the holdings at the time of the transaction.What will be the proceeds if you sell it today?

Accepted Answer

A) $38 744 
B) $41 400 
C) $40 158 
D) $40 797 
A) $38 744 
B) $41 400 
C) $40 158 
D) $40 797

Money market mutual funds are

Open-end mutual fund companies sell directly to investors and repurchase units whenever investors wish to sell them.

If Raymond does not want to pay any fees to invest in mutual funds,he should pick

A family of mutual funds is

Three and a half years ago you purchased 1200 units of a fund with a NAV of $16.75.The NAV is now $34.50 and the fund had a 6 percent redemption fee declining at 1 percent per year and based on the value of the holdings at the time of the transaction.What will be the proceeds if you sell it today?

Tools for Financial Planning - Applying Time Value Concepts

Tools for Financial Planning - Planning with Personal Financial Statements

Tools for Financial Planning - Using Tax Concepts for Planning

Managing Your Financial Resources - Banking Services and Managing Your Money

Managing Your Financial Resources - Assessing,Managing and Securing Your Credit

Managing Your Financial Resources - Purchasing and Financing a Home

Protecting Your Wealth - Auto and Homeowner's Insurance

Protecting Your Wealth - Health and Life Insurance

Personal Investing - Investing Fundamentals

Personal Investing - Investing in Stocks

Personal Investing - Investing in Bonds

Retirement and Estate Planning - Retirement Planning

Retirement and Estate Planning - Estate Planning

Synthesis of Financial Planning - Integrating the Components of a Financial Plan

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Exam 4: Personal Investing - Investing in Mutual Funds

Money market mutual funds are

Open-end mutual fund companies sell directly to investors and repurchase units whenever investors wish to sell them.

If Raymond does not want to pay any fees to invest in mutual funds,he should pick

A family of mutual funds is

Three and a half years ago you purchased 1200 units of a fund with a NAV of $16.75.The NAV is now $34.50 and the fund had a 6 percent redemption fee declining at 1 percent per year and based on the value of the holdings at the time of the transaction.What will be the proceeds if you sell it today?

Tools for Financial Planning - Applying Time Value Concepts

Tools for Financial Planning - Planning with Personal Financial Statements

Tools for Financial Planning - Using Tax Concepts for Planning

Managing Your Financial Resources - Banking Services and Managing Your Money

Managing Your Financial Resources - Assessing,Managing and Securing Your Credit

Managing Your Financial Resources - Purchasing and Financing a Home

Protecting Your Wealth - Auto and Homeowner's Insurance

Protecting Your Wealth - Health and Life Insurance

Personal Investing - Investing Fundamentals

Personal Investing - Investing in Stocks

Personal Investing - Investing in Bonds

Retirement and Estate Planning - Retirement Planning

Retirement and Estate Planning - Estate Planning

Synthesis of Financial Planning - Integrating the Components of a Financial Plan

Filters