Question 1 A closed-end fund has assets of $450 million liabilities of $50 million and has 5 million shares outstanding. The net asset value (NAV) = 540 per share. True False Question 2 The Dow Jones industrial average is a price weighted average. True False The Special Purpose Acquisition Companies (SPACS) has helped many corporations this year to go public with less regulations and costs. True False If the R square (coefficient of determination) = .94 this means that the portfolio is well diversified and thus has eliminated almost all unique risk. True False Passive investing always has a higher return active investing. True False