________ invest a pool of funds belonging to many individuals in a portfolio of individual investments such as stocks and bonds.
A. Public-listed companies
B. Partnerships
C. Stock exchanges
D. Investment companies
Foreign funds are those that invest
A. only outside of the developed world.
B. completely or partially outside of the U.S.
C. only outside of the U.S.
D. only in emerging markets.
What stage of venture capital investments has provided the highest standard deviation of mean returns?
A. balance
B. later and balance are identical
C. seed
D. early
E. later
When investors are bullish about the stock market,
A. money market funds tend to loose popularity.
B. money market funds tend to grow in popularity.
C. money market fund volatility decreases.
D. returns on money market funds tend to decrease.
Open-end mutual funds
A. sell their shares at their NAV. In contrast, closed-end investment companies typically charge a sales fee in addition to the NAV for shares at their initial public offerings. The sales fee tends to be about 10 to 11% of NAV.
B. sometimes sell their shares at their NAV plus a sales fee. Mutual funds that do charge sales fees are known as load open-end funds. The sales fee tends can range from 3.0 to 8.0% of NAV.
C. sell their shares at their net asset value (NAV). In contrast, closed-end investment companies typically charge a sales fee in addition to the NAV for shares at their initial public offerings. The sales fee tends to be about 4 to 4.5% of NAV.
D. almost always sell their shares at their NAV plus a sales fee. Mutual funds that do charge sales fees are known as load open-end funds. The sales fee tends to be 4 to 4.5% of NAV.
E. sell their shares at their NAV. In contrast, closed-end investment companies typically charge a sales fee in addition to the NAV for shares at their initial public offerings. The sales fee tends to be about 7.5 to 8.0% of NAV.
If the average annual after tax cash flow was $5,101, the after tax net proceeds from sales was $89,514, the initial equity was $60,000 and n was 5, then what is the approximate yield?
A. 15.7%
B. 15.2%
C. 16.9%
D. 14.7%
The ________ for a share of a load fund equals the NAV of the share plus a sales charge.
A. expected price
B. redemption price
C. bid price
D. offering price
A closed-end investment company
A. is a type of mutual fund.
B. has stock that trades on a secondary market.
C. typically repurchases shares on demand.
D. will typically offer more share issues after the initial share offering.
The direct capitalization approach equals:
Market Value = ________ / Market Capitalization Rate
A. Monthly Gross Operating Income
B. Annual NOI
C. Annual Gross Operating Income
D. Monthly NOI
A closed-end investment company
A. operates like any other public firm; its stock trades on the secondary market, and the price of the stock is determined by supply and demand. Most closed-end investment companies do not offer more shares or repurchase shares after the initial public offerings.
B. continues to sell and repurchase shares after their initial public offerings. It sells shares at the net asset value with or without sales charges, and repurchases shares at the net asset value plus a redemption fee.
C. is a type of mutual fund. Most closed-end mutual funds continue to sell and repurchase shares after their initial public offerings. They sell shares at the net asset value with or without sales charges, and repurchase shares at the net asset value with or without redemption fees.
D. is a type of mutual fund. It operates like any other public firm; its stock trades on the secondary market, and the price of the stock is determined by supply and demand. Most closed-end investment companies do not offer more shares or repurchase shares after the initial public offerings.
Nowadays, the certification exams become more and more important and required by more and more enterprises when applying for a job. But how to prepare for the exam effectively? How to prepare for the exam in a short time with less efforts? How to get a ideal result and how to find the most reliable resources? Here on Vcedump.com, you will find all the answers. Vcedump.com provide not only CFA Institute exam questions, answers and explanations but also complete assistance on your exam preparation and certification application. If you are confused on your CFA-LEVEL-1 exam preparations and CFA Institute certification application, do not hesitate to visit our Vcedump.com to find your solutions here.