A)

1.Christopher Johns wants to invest his $15,000 savings in one of the following options: *

option1 : invest in BLT fund,that has an annual 12b-1 fees of 0.95% and an annual expense ratio 0.8%

option 2: invest in banks certificate of deposits(CD) that pays 7.3% per year

What minimum annual rate of return must the fund earn to make him better of in the fund than in the (CD)

a. 1.75%

b. 9.05%

c. 7.45%

d. 5.55%

e. None of the above

2.The total assets of Investment Corporation fund are equal to $350 million. It has total liabilities of $30 million and 11 million shares outstanding. Assume that the fund currently sells for $30 per share, what is the funds premium or discount as a percent of NAV? *

a. 4.030% premium

b. 3.125% premium

c. 4.030% discount

d. 3.125% discount

e. None of the above

3.Consider a mutual fund with $300 million in assets at the start of the year and 12 million shares outstanding. If the gross return on assets is 18% and the total expense ratio is 2% of the year-end value, what is the rate of return on the fund? *

a. 15.64%

b. 16%

c. 17.25%

d. 17.5%

e. None of the above

4.Consider the following data for ABC mutual fund, what is the dividend yield? *

Captionless Image:

Assets $35 million

Debt $8million

share outstanding 0.9 million

Dividends paid :4.5 per share

a. 4.5%

b. 10%

c. 15%

d. 30%

e. None of the above

5.Your investment portfolio currently worth $3.5 million. During 2019, you have sold 500 shares of APL at $22 per share and 40 shares of ADS at $84 per share. You have used the proceeds in order to buy 200 shares of Beta Com. At $71.8 per share. what is the portfolio turnover rate? *

a. 4.10%

b. 0.91%

c. 3.84%

d. 7.63%

e. None of the above