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Just answer a, b,c or d. 14. The management expense ratio (MER) is a ratio of fees charged to the a) Book value of assets

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Just answer a, b,c or d.

14. The management expense ratio (MER) is a ratio of fees charged to the a) Book value of assets under management. b) Market value of assets under management. c) Unit price of the fund. d) None of the above. 15. The importance of the efficient frontier lies in the fact that it: a) Identifies where the most efficient portfolios are. b) is a curve and shows how diversification lets investors improve their efficient risk / retum ratio. C) Represents the optimal mix of return and risk for a portfolio of investments given a required level of risk d) All of the above

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