I need some help with those questions. I will appreciate any help.

Thank you.

1 Which is a characteristic of an exchange-traded fund (ETF)?

A. Shares are traded in the secondary market like shares in a closed-end fund.

B. Shares trade at the net asset value like shares in an open-end fund.

C.The number of shares outstanding is fixed as in a closed-end fund.

D. The shares are invested only in common stock of publicly traded corporations.

2 When a stock split occurs,

A. owners of stock end up with a lower proportionate number of shares.

B. the price of new shares is lower than the old price.

C. the company expects the value of shares to go down in the future.

D. the market usually views the split as bad news about future prospects for the company.

3 A small-cap company generally has a market capitalization of less than

A. $1 billion.

B. $1 million.

C. $100 million.

D. $10 million.

4 Which of the following is NOT a major risk of investing in bonds?

A. default risk

B. tax risk

C. maturity risk

Dinflation risk