1. (TCOs 6 and 7) A(n) _____ fund is a mutual fund in which new shares are issued and redeemed by the investment company at the request of investors. (Points : 1) open-end closed-end load no-load convertible

Question 2.2. (TCOs 6 and 7) The _____ refers to the value of a mutual fund's portfolio minus the mutual fund's liabilities divided by the number of shares outstanding. (Points : 1) net asset value outstanding balance per share value book value accounting value

Question 3.3. (TCOs 6 and 7) The All-Star Basic Value Fund's portfolio is valued at $215 million. The fund has liabilities of $5 million, and the investment company sponsoring the fund has issued 15 million shares. What is the fund's net asset value? (Points : 1) $14.33 $14.00 $21.50 $21.00 $3.00

Question 4.4. (TCOs 6 and 7) A(n) _____ fund is a mutual fund that invests in common stocks of rapidly growing corporations with higher-than-average revenue and earnings growth. (Points : 1) balanced income industry growth money market

Question 5.5. (TCOs 6 and 7) A mutual fund that invests in the common stocks of companies in the same industry is called a(n) _____ fund. (Points : 1) growth-income income sector small-cap money market

Question 6.6. (TCOs 6 and 7) According to federal law, an REIT must meet all of the following requirements except (Points : 1) it must distribute 90% or more of its taxable annual earnings to shareholders. it must hire independent real estate professionals to perform certain management activities. it must have at least 100 shareholders, with no more than half of all shares owned by five or fewer people. it must directly invest in apartment houses, shopping malls, and other commercial property. it must invest at least 70% of the total assets in real estate.

Question 7.7. (TCOs 6 and 7) Single-family houses are typically expected to observe the following pattern. (Points : 1) Values tend to rise, providing a possible hedge against inflation. Values rise less than the Consumer Price Index. Values remain stable in the northern parts of the United States. Values tend to rise in New England states, but decline in the South. Values remain unchanged in the United States.

Question 8.8. (TCOs 6 and 7) The real property investment most widely favored by the small investor besides the purchase of a home is (Points : 1) a Post Office building. land. a building with 20 apartments. a condominium. a duplex, fourplex, or small apartment building.

Question 9.9. (TCOs 6 and 7) You should invest in _____ if you want a risk-proof real estate investment. (Points : 1) REITs real estate limited partnerships participation certificates (PCs) real estate syndicates Post Office buildings

Question 10.10. (TCOs 6 and 7) You have purchased a condominium in Orlando, FL in order to rent out rooms to vacationers. What type of investment have you made? (Points : 1) Direct investment in real estate Indirect investment in real estate Investment in precious metals Investment in collectibles Investment in gems

Question 11.11. (TCOs 6 and 7) By the time you reach your _____ birthday, you should have established a comprehensive retirement plan. (Points : 1) 25th 35th 45th 55th 65th Question 12.12. (TCOs 6 and 7) The average life expectancy of a man at age 65 is (Points : 1) 14 years. 7 years. 9 years. 12 years. 4 years.

Question 13.13. (TCOs 6 and 7) If your mortgage is largely or completely paid off, then you may be eligible for a (Points : 1) reverse mortgage annuity. variable annuity. mortgage advance. regional-based annuity. mortgage package.

Question 14.14. (TCOs 6 and 7) The of division of pensions in a divorce situation primarily depends on the _____. (Points : 1) length of the divorce period husband's generosity length of the marriage judge's decision

Question 15.15. (TCOs 6 and 7) As people grow older, which type of housing is designed to allow people to stay in their homes more easily? (Points : 1) Accessory apartment ECHO unit Rooming house Universal design Professional companionship arrangement

Question 16.16. (TCOs 6 and 7) Estate planning involves all but which of the following? (Points : 1) Managing your property while you are alive Dealing with what happens to that property after your death. Your family's financial security in the event of your death Your family's financial security in the event of your spouse's death Deciding on working part time into retirement age

Question 17.17. (TCOs 6 and 7) _____ refers to what Gerald Wilkins has in his possession and owns, including a home worth $250,000, a car worth $15,000, various investments worth $600,000, and other personal assets worth $25,000. (Points : 1) A trust A will An estate Probate None of the above

Question 18.18. (TCOs 6 and 7) The definition of a will is that it is (Points : 1) a synonym for a letter of last instruction. a synonym for a prenuptial agreement. a legal document authorizing someone to act on your behalf. the legal declaration of a person's mind as to the disposition of his or her property after his or her death. a legal arrangement through which your assets are held by someone.

Question 19.19. (TCOs 6 and 7) A(n) _____ is a type of will in which half of your estate is taxed at your death and half at your spouse's death. (Points : 1) simple will. traditional marital share will. exemption trust will .stated dollar amount will

Question 20.20. (TCOs 6 and 7) Under a(n) _____, everything will pass to your spouse when you die, with the exception of an amount equal to the exemption, which passes into trust. (Points : 1) simple will. traditional marital. share will exception will .stated dollar amount will. exemption trust will.