15.

Value funds seek stocks

I. with low dividend yields.

II. with high dividend yields.

III. with low P/E ratios.

IV. of newly discovered firms.

A.

I and III only

B.

II and III only

C.

II, III and IV only

D.

I, II, III and IV

19.

When choosing a mutual fund investors should look for

A.

a fund whose previous year's performance beat the benchmark index.

B.

low fees and high tax efficiency.

C.

a fund manager who has been in place for five or more years.

D.

a blend of equities and fixed income securities.

20.

Soon after the Great Recession of

20082009,

demand for fixed income funds decreased while demand for equity funds increased.

True

False