【正文】 at net asset value and offer investors professional management.Mutual funds do not offer a guaranteed rate of return.Multiple Choice Questions69.List and describe the more important types of mutual funds according to their investment policy and use.A.A.A.A.%.B.22%.C.15%.D.25%.E.VTI.VTI.VTI.VTI.VTI.VTI.VTI.54.Of the following types of ETFs, an investor who wishes to invest in a diversified portfolio that tracks the Samp。emerging market funds.hedge funds are monly structured as private partnerships.E.$E.$49.A mutual fund had NAV per share of $ on January 1, 2012. On December 31 of the same year the fund39。s rate of return for the year was %. Ine distributions were $ and the fund had capital gain distributions of $. Without considering taxes and transactions costs, what ending NAV would you calculate?A.%B.8,412,642C.8,412,642C.17,534,456B.4,300,000B.$B.$C.$D.$E.%%%%%Furniture purchased 100 shares of Green Isle mutual fund at a net asset value of $42 per share. During the year Patty 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 $40 per share. What was Patty39。A.A.An increase in the fund39。They offer small investors the benefits of diversification.C.$C.%22.The Yachtsman Fund had NAV per share of $ on January 1, 2012. On December 31 of the same year the fund39。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 Profitability Fund last year?8.Most actively managed mutual funds, when pared to a market index such as the Wilshire 5000,7.Pinnacle Fund had yearend assets of $825,000,000 and liabilities of $25,000,000. If Pinnacle39。6.Diversified Portfolios had yearend assets of $279,000,000 and liabilities of $43,000,000. If Diversified39。s net asset value?A.A.A.s net asset value?5.Growth Fund had yearend assets of $862,000,000 and liabilities of $12,000,000. There were 32,675,254 shares in the fund at yearend. What was Growth Fund39。$1,182,20325,693,9.Pools of money invested in a portfolio that is fixed for the life of the fund are called10.Investors in closedend funds who wish to liquidate their positions must11.Closed end funds are frequently issued at a ______ to NAV and subsequently trade at a __________ to NAV.12.At issue, offering prices of openend funds will often be13.Which of the following statements about real estate investment trusts is true?14.Which of the following statements about real estate investment trusts is true?15.Which of the following statements about money market mutual funds is true?16.In 2012 the proportion of mutual funds (based on total assets) specializing in mon stocks was17.In 2012 the proportion of mutual funds (based on total assets) specializing in bonds was18.In 2012 the proportion of mutual funds (based on total assets) specializing in money market securities was19.In 2012 the proportion of hybrid (bond and stock) mutual funds (based on total assets) was20.Management fees and other expenses of mutual funds may include21.The Profitability Fund had NAV per share of $ on January 1, 2012. On December 31 of the same year, the fund39。%%E.$B.They offer a variety of investment styles.B.An increase in the number of fund shares outstandingB.28.As of 2012 which class of mutual funds had the largest amount of assets invested?29.Commingled funds are30.Which of the following is true regarding equity mutual funds?I) They invest primarily in stock.II) They may hold fixedine securities as well as stock.III) Most hold money market securities as well as stock.IV) Two types of equity funds are ine funds and growth funds.31.The fee that mutual funds use to help pay for advertising and promotional literature is called a32.Patty O39。%E.%E.%E.%E.%E.$D.$C.$B.A.A.A.11,354,751B.6,653,360B.A.s rate of return for the year was %. Ine distributions were $ and the fund had capital gain distributions of $. Without considering taxes and transactions costs, what ending NAV would you calculate?48.A mutual fund had NAV per share of $ on January 1, 2012. On December 31 of the same year the fund39。$$E.$D.hedge fund managers can pursue strategies not available to mutual funds, such as short selling, heavy use of derivatives, and leverage.D.regional funds.D.emerging market funds.IWM.E.IWM.E.IWM.E.IWM.E.IWM.E.IWM.E.IWM.E.15%.D.12%.C.%.B.A.Short Answer QuestionsThe funds offer investors professional management and a guaranteed rate of return.E.The funds offer investors professional management.D.Diversification and divisibilityC.A.s net asset value?AACSB: AnalyticBlooms: ApplyDifficulty: IntermediateTopic: Mutual Funds1,182,203($279,000,000 43,000,000)/$ = 5,601,.24,860,D.exceed the return on index funds.D.unit investment trusts.D.sell their shares to the issuer at a discount to net asset value.C.discount, discountB.A.14.Which of the following statements about real estate investment trusts is true?AACSB: AnalyticBlooms: UnderstandDifficulty: IntermediateTopic: Investment Organizations