Termination dates are a feature of: Closed ends funds Unit investment trusts The Net Asset Value...
- Termination dates are a feature of:
- Closed ends funds
- Unit investment trusts
- The Net Asset Value is fixed at $1.00 in the case of:
- Money mkt mutual funds
- Unit investment trust
Homework Answers
A unit investment trust (UIT) is an investment company that offers a fixed portfolio, generally of stocks and bonds, as redeemable units to investors for a specific period of time. It is designed to provide capital appreciation and/or dividend income. Unit investment trusts, along with mutual funds and closed-end funds, are defined as investment companies.
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Termination dates are a feature of:
Closed ends funds
Unit investment trusts
The Net Asset Value...
QUESTION 9 Closed-end fund shares most commonly sell: a. At the fund's net asset value. b....
QUESTION 9 Closed-end fund shares most commonly sell: a. At the fund's net asset value. b. At a premium to the fund's net asset value. c. At a discount to the fund's net asset value. d. At a price-to-earnings ratio between 15 and 16 times. QUESTION 10 Smith Funds are a group of equity mutual funds that include Smith Growth, Smith Emerging Market, and Smith Balanced. The group of funds is most likely referred to as: a. Exchange-traded funds. b....
The Net Asset Value for a mutual fund represents: The percentage change in the value of...
The Net Asset Value for a mutual fund represents: The percentage change in the value of the portfolio on a given day. The portfolio value per share on any given day. The assets are unmanaged (no buying and selling of assets) in the case of: Closed end funds Unite Investment Trusts
Term Answer Description A. Pooled diversification This term refers to the value of a mutual fund...
Term Answer Description A. Pooled diversification This term refers to the value of a mutual fund that is derived by deducting the fund's liabilities from the market value of the shares. Net asset value This is an investment asset usually real estate, bought with the goal of earning periodic income in the form of rent or lease. Tax exempt money fund This fund limits its investments to short-term, tax-exempt municipal securities. D. Automatic reinvestment plan This plan enables an investor...
we If a mutual funds net asset value is $23.30 and the fund sells its shares...
we If a mutual funds net asset value is $23.30 and the fund sells its shares for $25.00, what is the load fee as a percentage of the net asset value Round your two decimal places
Term Answer Description Pooled This is a specific type of real estate investment trust that owns and А. diversifi...
Term Answer Description Pooled This is a specific type of real estate investment trust that owns and А. diversification operates income-producing real estate. Net asset value This feature is mostly offered by mutual fund famillies making it easier В. and less costly for investors to shift their money among mutual funds in the family that meet their investment goals Tax exempt This term refers to the current market value of all the securities the C. fund owns, less any liabilities...
If an investor buys shares in a closed-end investment company for $46 and the net asset value is $53, what is the discount? If the company distributes $1, the net asset value rises to $58, and the investor sells the shares for a premium of 5 percent over
If an investor buys shares in a closed-end investment company for $46 and the net asset value is $53, what is the discount? If the company distributes $1, the net asset value rises to $58, and the investor sells the shares for a premium of 5 percent over the net asset value, what is the percentage earned on theinvestment?
A closed-end investment company has a net asset value of $12.00. A year ago the shares...
A closed-end investment company has a net asset value of $12.00. A year ago the shares sold for a 16 percent discount but that discount has narrowed (that is, declined) to 8 percent. If the company distributed $1.25 a share, what was the return on an investment in the shares before considering commissions on the purchase? Round your answer to two decimal places. %
A closed-end investment company has a net asset value of $12.00. A year ago the shares...
A closed-end investment company has a net asset value of $12.00. A year ago the shares sold for a 16 percent discount but that discount has narrowed (that is, declined) to 8 percent. If the company distributed $1.25 a share, what was the return on an investment in the shares before considering commissions on the purchase? Round your answer to two decimal places. %
Define the following terms : spiders mutual fund net asset value counterparty risk What is meant...
Define the following terms : spiders mutual fund net asset value counterparty risk What is meant by financial innovation? Identify and explain the main forces that motivate the search for financial innovations. What are exchange-traded funds (EFTs)? What was the first ETF? What was the first example of an ETF innovated in the United States? How does a closed-end mutual fund differ from an open-end fund? What advantages and disadvantages does each type of mutual fund have? What advantages of...
The expected average rate of return for a proposed investment of $788,200 in a fixed asset with a useful life of 4 years, straight-line depreciation, no residual value, and an expected total net incom...
The expected average rate of return for a proposed investment of $788,200 in a fixed asset with a useful life of 4 years, straight-line depreciation, no residual value, and an expected total net income of $179,640 for the 4 years is (round to two decimal points)
Term Answer Description A. Pooled diversification This term refers to the value of a mutual fund that is derived by deducting the fund's liabilities from the market value of the shares. Net asset value This is an investment asset usually real estate, bought with the goal of earning periodic income in the form of rent or lease. Tax exempt money fund This fund limits its investments to short-term, tax-exempt municipal securities. D. Automatic reinvestment plan This plan enables an investor...
we If a mutual funds net asset value is $23.30 and the fund sells its shares for $25.00, what is the load fee as a percentage of the net asset value Round your two decimal places
Term Answer Description Pooled This is a specific type of real estate investment trust that owns and А. diversification operates income-producing real estate. Net asset value This feature is mostly offered by mutual fund famillies making it easier В. and less costly for investors to shift their money among mutual funds in the family that meet their investment goals Tax exempt This term refers to the current market value of all the securities the C. fund owns, less any liabilities...
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