FiltersDone

Question type

Essay

Multiple Choice

Short Answer

True False

Matching

Exam 12: Mutual Funds: Professionally Managed Portfolios

Show Answer

Share

---

All types

Filters

Study FlashcardsPractice ExamLearn

Question 61

True/False

Review LaterAdd Note

Review Later

A closed end fund is selling at a premium when the NAV exceeds the market price.

Correct Answer

verified

Show Answer

Question 62

Multiple Choice

Review LaterAdd Note

Review Later

A mutual fund is generally more tax efficient when it has a ________ turnover rate and a ________ dividend yield.

A) low; low
B) low; high
C) high; low
D) high; high

Correct Answer

verified

Show Answer

Question 63

Multiple Choice

Review LaterAdd Note

Closed-end funds are

Which of the following statements is(are) correct concerning hedge funds? I.they are highly regulated. II.they hedge all positions to limit risks. III.management and other fees are extremely low compared to other types of funds. IV.access is limited to institutions and high net worth or high income individuals.

Investors should select mutual funds that match their personal investment goals and provide the services they desire.

Investors use mutual funds for which of the following reasons? I.to accumulate wealth II.to minimize risk III.as a speculative vehicle IV.as a storehouse of value

An open-end investment company

Funds that invest in a portfolio of companies from the same or closely related industries are known as

Income distributed by a mutual fund from which one of the following sources receives a preferential tax rate of 15%?

What are the primary disadvantages of owning mutual fund shares?

The net asset value is the price per share an investor will pay to acquire shares in a no-load, open-end fund.

When an investor buys shares in a mutual fund, he or she becomes a part owner of a portfolio of securities.

Which of the following are advantages offered by mutual funds? I.professional portfolio management II.dividend reinvestment III.consistent returns in excess of the overall market rate of return IV.modest capital outlay for investors