56. For an investor in a "standard" exchange-traded fund, what is the single risk to the performance of the fund?

		Short-selling bans
		Front-running
		Roll-yield loss
		Market risk

57. From lowest to highest degree of risk and volatility, how would you rank each of the following components of a split-share offering?

		Split preferred shares - the underlying basket of stocks - Split capital shares
		Underlying baskets of stocks - split preferred shares - split capital shares
		Split preferred shares - split capital shares - the underlying basket of stocks
		Underlying basket of stocks - split capital shares - split preferred shares

58. A hedge fund has a hurdle rate of 4% and achieved an 18% annual rate of return. What percentage is the fund manager's incentive fee calculation based on?

		22%
		18%
		14%
		4%

59. Within the fixed-income category, both "distressed" and 'high-yield" bonds are considered high risk investments. What is it about "distressed" bonds that is different from "high-yield bonds?

		They are bonds that are issued by companies that are currently in, or near, bankruptcy
		They must have currently suspended all coupon payments
		They are used as part of a hedging strategy
		They are eligible for purchase by institutional investors

60. Beyonce has received several distributions from an exchange-traded fund (ETF) she owns but is confused about the tax issues related to these distributions she has received. Which type of ETF distribution is not subject to tax?

		Capital gains
		Dividends
		Interest
		Return on invested capital