Past Exam for FIN 411 - Principles of Investment with Pope at Abilene Christian (ACU)

Exam Information

Material Type:Exam 3
Class:FIN 411 - Principles of Investment
Subject:ACCT & Fin. - Finance
University:Abilene Christian University
Term:Fall 2010
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Exam 3 Review 1. An investment company that will repurchase shares at any time is called a(n) _____ fund. A. hedge B. closed-end C. open-end D. public E. exchange traded 2. The value of a load mutual fund's assets less its liabilities, divided by the number of shares outstanding is referred to as the fund's: A. net asset value. B. offering price. C. open-end value. D. closed-end value. E. prime value. 3. A 12b-1 fee is a fee charged by a mutual fund: A. at the time shares are issued. B. if shares are sold within a stated period of time. C. to cover trading costs. D. to pay the fund's managers. E. to cover marketing costs. 4. Which of the following are three key advantages of mutual funds? A. diversification, taxes, high initial investments B. low initial investments, professional management, diversification C. liquidity, high initial investments, diversification D. professional management, high initial investments, taxes E. costs, div...
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