An investor pays back-end loads

Group of answer choices

When she buys mutual fund shares.In order to save money while moving within a fund family.When she sells her mutual fund shares within a year or two.Each year to pay for a portfolio manager’s fee.

Mutual funds offer which of the following advantages?

I.  professional portfolio management

II.  dividend reinvestment

III.  consistent returns in excess of the overall market rate of return

IV.  modest capital outlay for investors

Group of answer choices

I, II and IV onlyII, III and IV onlyI and II onlyI and IV only

If a mutual fund’s net asset value decreased by $1, while it price per share decreased by $2, then

Group of answer choices

The fund must be a unit investment trust.The fund must have paid out $1 in capital gains.The fund must be a closed-end fund.The fund must have paid out $1 in dividends.