1.The effective annual rate of a 15-year housing of RM150,000 at 6.99% monthly rest is closest to:

Select one: a. 7.05% b. 7.22% c. 7.00% d. 7.15%

2.Assuming that an investor make a lump sum investment of RM20,000 with an initial charge of 3%. How much units will he acquire at NAV at RM1.20?

Select one:

a. 17,167 units

b. 17,667 units

c. 16,167 units.

d. 16,667 units.