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Question 11 (2.5 points) A loading fee charged by a mutual fund does not apply to a closed-end investment company. Question 11 options: a) True
Question 11 (2.5 points)
A loading fee charged by a mutual fund does not apply to a closed-end investment company.
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Question 12 (2.5 points)
A closed-end investment company is not a "mutual fund."
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Question 13 (2.5 points)
Closed-end investment companies with beta coefficients less than 1.0
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Question 14 (2.5 points)
A hedge fund
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Question 15 (2.5 points)
An equity REIT does not use financial leverage (i.e., its financing is entirely equity).
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Question 16 (2.5 points)
Real estate investment trusts (REITs) are illustrative of a closed-end investment company.
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Question 17 (2.5 points)
A unit trust is a passive investment that holds a fixed portfolio of securities such as federal government bonds.
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Question 18 (2.5 points)
A mortgage trust is a REIT that specializes in mortgage loans.
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Question 19 (2.5 points)
Hedge funds are sold primarily to high net worth investors and financial institutions such as pension plans.
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Question 20 (2.5 points)
Hedge fund strategies may include buying one stock while shorting another.
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