【正文】 ived dividend ine distributions of $ per share and capital gains distributions of $ per share. At the end of the year the shares had a net asset value of $ per share. What was your rate of return on this investment?%C.35.Assume that you purchased shares of a mutual fund at a net asset value of $ per share. During the year you received dividend ine distributions of $ per share and capital gains distributions of $ per share. At the end of the year the shares had a net asset value of $ per share. What was your rate of return on this investment?%C.34.Assume that you purchased shares of High Flying mutual fund at a net asset value of $ per share. During the year you received dividend ine distributions of $ per share and capital gains distributions of $ per share. At the end of the year the shares had a net asset value of $ per share. What was your rate of return on this investment?%C.33.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 ine distributions of $ per share and capital gains distributions of $ per share. At the end of the year the shares had a net asset value of $23 per share. What was your rate of return on this investment?%C.s rate of return on this investment?12b1 fee.E.A.I, II, and IIIE.A.closedend funds that may be repurchased only once every two years at the discretion of mutual fund management.E.A.Money market fundsE.A.t accept additional funds from current investors.E.Jargon used to be an openend fund but has now bee a closedend fund.B.I, II, III, and IVI and IVB.s stockss accounts payableC.They treat ine as passed through to the investor for tax purposes.D.$D.23.Investors39。%C.s NAV was $. Ine distributions were $ and the fund had capital gain distributions of $. Without considering taxes and transactions costs, what rate of return did an investor receive on the Yachtsman Fund last year?%D.frontend and backend loads.E.A.%.E.A.%.E.A.%.E.A.%.E.A.They invest in mercial paper, CDs, and repurchase agreements, and they usually offer checkwriting privileges.E.A.REITs may be equity trusts or mortgage trusts and are usually highly leveraged.E.A.REITs invest in real estate or loans secured by real estate and raise capital by borrowing from banks and issuing mortgages.E.A.greater than NAV due to excess demand.E.A.premium, discountE.A.sell their shares to the issuer for net asset value.E.A.REITS.E.A.exceed the return on index funds.D.22,930,C.s NAV was $, how many shares must have been held in the fund?6,488,372C.s NAV was $, how many shares must have been held in the fund?$D.$E.A.All of the optionsRecord keeping and administrationB.None of the optionsThe funds always trade at a discount from NAV.B.The funds redeem shares at net asset value and offer investors professional management.The funds redeem shares at net asset value.B.Multiple Choice Questions1.Which one of the following statements regarding openend mutual funds is false?The funds offer investors professional management.C.2.Which one of the following statements regarding closedend mutual funds is false?The funds redeem shares at their net asset value.C.3.Which of the following functions do investment panies perform for their investors?Diversification and divisibilityC.4.Multiple Mutual Funds had yearend assets of $457,000,000 and liabilities of $17,000,000. There were 24,300,000 shares in the fund at yearend. What was Multiple Mutual39。$B.$A.$E.5,601,709D.24,860,D.A.do not outperform the market.closedend funds.B.redeemable trust certificates.sell their shares through a broker.B.hold their shares to maturity.discount, discountB.No consistent relationship has been observed.less than NAV due to loads and missions.B.less than or greater than NAV with no apparent pattern.REITs invest in real estate or loans secured by real estate.B.All of the options are true.REITs may be equity trusts or mortgage trusts.B.All of the options are true.They invest in mercial paper, CDs, and repurchase agreements.B.All of the options are true.%.B.%.%.B.%.%.B.%.%.B.%.frontend loads.B.frontend loads, backend loads, and 12b1 charges.A.%E.%D. Choice Fund had NAV per share of $ on January 1, 2012. On December 31 of the same year the fund39。A.$E.A.All of the options are advantages of mutual funds.E.A.A change in the fund39。26.Which of the following characteristics apply to unit investment trusts?I) Most are invested in fixedine portfolios.II) They are actively managed portfolios.III) The sponsor pools securities, then sells public shares in the trust.IV) The portfolio is fixed for the life of the fund.I and IIC.27.Jargon Rapid Growth is a mutual fund that has traditionally accepted funds from new investors and issued new shares at net asset value. Jeremy Jargon manages the fund himself and has bee concerned that its level of assets has bee too high for his management abilities. He issues a statement that Jargon will no longer accept funds from new investors, but will continue to accept additional investments from current shareholders. Which of the following is true about Jargon Rapid Growth fund?Jargon has always been an openend fund and will remain an openend fund.C.Jargon is violatin