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B. Common stock C. Corporate bond D. Real estate 7. You can determine your net worth by g your assets from your liabilities. subtracting the

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B. Common stock C. Corporate bond D. Real estate 7. You can determine your net worth by g your assets from your liabilities. subtracting the value of your home from the mortgage balance. C. adding your iabilities and assets D, subtracting your liabilities from your assets. E. adding the value of your home to that of your other assets. 28. The major reasons why investors purchase mutual funds are professional management True False 29. Corporate bonds are a form of equity financing that does not have to be repaid True False 30. An annuity in which you receive an income for the rest of your life, but no payments are A. straight life annuity. B. life annuity with installment certain. C. installiment refund annuity. D. a life with period certain annuity. E. Keogh annuity 31. The value of a mutual fund's portfolio minus the mutual fund's liablities, equals a figure that when divided by the number of shares outstanding, gives you the: A. book value. B. outstanding balance. C. LIBOR rate. D. net asset value. E. accounting value. 32. Assume that you purchase a $1,000 corporate bond that pays 9.25 percent interest. What is the amount of interest that you receive each year? A. $1,000.00 B. $92.50 C. $92.00 D. $90.00 E. $9.25 33. A limit order is a request to buy or sell stock at a specified price or better True False

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