53)Aunt Sadie swears that Charmin and Mr. Clean are household necessities! So, you bought shares of Proctor & Gamble (PG,$143.96) to fill-in a gap of 'staples' in your portfolio and while the dividend yield is fairly modest, 2.21%, it's still higher than the 10 Year UST rate (.85%) and PG's quarterly rate has just risen from $.75 to $.79 and you're thinking you'd like to get this dividend for the next quarter. You notice the shares go Ex-dividend, January 23^rd(2021). If you buy the shares on that date (1/23/21) will you get the next quarterly dividend?

YesNo

54)Actively managed mutual funds always outperform passively managed (index) funds due to the management team's intelligence and ability to time purchases (Buys) and sales ('Sells') of portfolio holdings.

TrueFalse

55)A mutual fund's net asset value (NAV) is calculated at the end of the day's trading session. This, multiplied by the number of shares (units/shares) you own will tell you what your investment is worth.

TrueFalse

56)Some mutual funds charge a sales commission. These mutual funds never outperform funds that do not charge a sales commission ("no load" funds)

TrueFalse

57)You are looking at closed end funds (CEF) for an investment. You have researched the CEF you are considering on a website,www.cefconnect.com. You notice that the CEF has an NAV of $14.25 and the price of the shares this day are $13.75. Also, leverage is at 35%.Are the shares trading at a discount or premium?

PremiumDiscount