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please please help 17: An equity mutual fund reports a compound annual return of 7.5% and an MER of 2.5%, his means that the MER,
please please help
17: An equity mutual fund reports a compound annual return of 7.5% and an MER of 2.5%, his means that the MER, expressed as a percentage of the fund's gross return, is what amount? a) 7.5% b) 25% c) 21% d) 33% 18. What ls a mutual fund service fee paid to the fund distributor for providing ongoing services to the investor called? a) Management expense fee. b) Load fees c) Traler fee d) WRAP fee 19. Your client has both excelent investment knowledge, a high ability to tolerate risk, and seeks high investment returns. Choose the managed product that would be most appropriate for his particular investment philosophy a) Hedge fund b) Segregated fund. c) Exchange-Traded Fund d) Labour-Sponsored Venture Capital Corporation (LSVCC). 20. Identify the method of calculating the return of a mutual fund that assumes a constant rate of return throughout the period. a) Modified Dietz method b) Daily valuation method c) Monthly return method d) Time flow returnStep by Step Solution
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