This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following is not a characteristic of a closed-end mutual fund? (Read 137 times)

KWilfred

  • Hero Member
  • *****
  • Posts: 570
on: Apr 14, 2019

Question 1

How much money would you need to purchase 400 shares of a mutual fund with an NAV of $55 per share and a 3% load?


◦ $22,000
◦ $21,450
◦ $23,200
◦ $22,660

Question 2

Which of the following is not a characteristic of a closed-end mutual fund?


◦ Once the fund closes the shares of the fund trade on the stock market just like a stock.
◦ The shares may sell above NAV on the secondary market.
◦ Investors can easily sell their share back to the fund on a daily basis at NAV.
◦ The shares may sell below NAV on the secondary market.
Personal Finance ¦ Madura ¦ 6th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by KWilfred on Apr 14, 2019

chinwesucks

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Apr 14, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 39% of students answer this correctly


KWilfred

  • Member
  • Posts: 570
Reply 2 on: Apr 14, 2019
Excellent

daiying98

  • Member
  • Posts: 354
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Conjunctivitis, with the characteristic “pinkeye” appearance. A yellow crusty exudate is also common Conjunctivitis, with the characteristic “pinkeye” appearance. A yellow crusty exudate is also common
A closed fracture. A closed fracture.
A graphic depiction of predisposing alleles characteristic of a threshold trait within a population, A graphic depiction of predisposing alleles characteristic of a threshold trait within a population,
One year ago, Christos bought 1000 units of the Dominion Aggressive Growth Fund at $20.35 per ... One year ago, Christos bought 1000 units of the Dominion Aggressive Growth Fund at $20.35 per ...
Comparison of open and closed circulatory systems. Comparison of open and closed circulatory systems.
Video: Cardiac Cycle (Part 3 of 4)

For a complete list of videos, visit our video library