1.

The offering price for a share of a load fund equals the net asset value of the share.

a. True
b. False

2.

An investor should be cautious when selecting a fund based solely on the manager's past performance because past performance may not be repeated in the future.

a. True
b. False

3.

Funds that normally contain a combination of common stock and fixed income securities are known as

a. section 401(k) plans.

b. contractual plans.

c. balanced funds.

d. flexible funds.

e. income funds.