Question
1. The fund has no liabilities and has 25,000 shares outstanding. What is the fund's net asset value? $13.68 $14.05 $14.14 $14.62 $14.75 3 points
1. The fund has no liabilities and has 25,000 shares outstanding. What is the fund's net asset value?
| $13.68 | |
| $14.05 | |
| $14.14 | |
| $14.62 | |
| $14.75 |
3 points
QUESTION 30
1. Which one of the following accurately describes a money market mutual fund?
| closed-end fund | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| securities with maturities up to 1 year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| only U.S. government securities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| high-quality, low-risk government, and/or corporate securities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| U.S. Treasury bills only 3.3 points QUESTION 20 1. A company which pools funds of individual investors and invests them on a group basis is called a(n):
|
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