【正文】 AACSB: AnalyticBlooms: UnderstandDifficulty: IntermediateTopic: Investment Organizationsdiscount, discountB.unit investment trusts.D.24,860,D.AACSB: AnalyticBlooms: ApplyDifficulty: IntermediateTopic: Mutual FundsA.The funds offer investors professional management.D.A.12%.C.IWM.E.IWM.E.IWM.E.IWM.E.regional funds.D.$D.$s rate of return for the year was %. Ine distributions were $ and the fund had capital gain distributions of $. Without considering taxes and transactions costs, what ending NAV would you calculate?A.11,354,751B.A.$B.$D.%E.%E.32.Patty O39。30.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.28.As of 2012 which class of mutual funds had the largest amount of assets invested?They offer a variety of investment styles.B.%E.21.The Profitability Fund had NAV per share of $ on January 1, 2012. On December 31 of the same year, the fund39。19.In 2012 the proportion of hybrid (bond and stock) mutual funds (based on total assets) was17.In 2012 the proportion of mutual funds (based on total assets) specializing in bonds was15.Which of the following statements about money market mutual funds is true?13.Which of the following statements about real estate investment trusts is true?11.Closed end funds are frequently issued at a ______ to NAV and subsequently trade at a __________ to NAV.9.Pools of money invested in a portfolio that is fixed for the life of the fund are called1,182,2035.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。A.6.Diversified Portfolios had yearend assets of $279,000,000 and liabilities of $43,000,000. If Diversified39。8.Most actively managed mutual funds, when pared to a market index such as the Wilshire 5000,22.The Yachtsman Fund had NAV per share of $ on January 1, 2012. On December 31 of the same year the fund39。$C.An increase in the fund39。A.%%%$D.$B.17,534,456B.8,412,642C.A.s rate of return for the year was %. Ine distributions were $ and the fund had capital gain distributions of $. Without considering taxes and transactions costs, what ending NAV would you calculate?$hedge funds are monly structured as private partnerships.E.54.Of the following types of ETFs, an investor who wishes to invest in a diversified portfolio that tracks the Samp。VTI.VTI.VTI.25%.E.22%.C.A.A.69.List and describe the more important types of mutual funds according to their investment policy and use.The funds redeem shares at net asset value and offer investors professional management.Mutual funds do not offer a guaranteed rate of return.Professional managementD.AACSB: AnalyticBlooms: ApplyDifficulty: IntermediateTopic: Mutual Fundsdo not outperform the market.Most actively managed mutual funds fail to equal the return earned by index funds, possibly due to higher transactions costs.sell their shares to the issuer at a premium to net asset value.D.less than NAV due to loads and missions.B.They invest in mercial paper, CDs, and repurchase agreements, and they usually offer 。AACSB: AnalyticBlooms: UnderstandDifficulty: IntermediateTopic: Investment Organizationssell their shares through a broker.B.beat the market return in most years.C.5,601,709D.5.Growth Fund had yearend assets of $862,000,000 and liabilities of $12,000,000. There were 32,675,254 shares in the fund at yearend. What was Growth Fund39。Record keeping and administrationB.The funds offer investors a guaranteed rate of return.D.s expense ratio was %, your return if you sold the fund at the end of the year would bes expense ratio was %, your return if you sold the fund at the end of the year would beA.12%.C..D..D..D.regional funds.D.hedge funds are typically open only to wealthy or institutional investors.C.$D.$s NAV was $. Ine distributions were $ and the fund had capital gain distributions of $. Without considering taxes and transactions costs, what rate of return did an investor receive on the fund last year?A.$B.%D.%D.%D.I, II, III, and IVGlobal funds27.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?A.A.%E.%.%.All of the options are true.All of the options are true.No consistent relationship has been observed.redeemable trust certificates.24,860,D.$E.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。2.Which one of the following statements regarding closedend mutual funds is false?The funds redeem shares at net asset value.B.Record keeping and administrationB.s NAV wa