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QUESTION 15 Identify the least accurate statement regarding mutual funds. a. Mutual fund managers tailor their investment strategies to meet the objectives of their shareholders.
QUESTION 15
- Identify the least accurate statement regarding mutual funds.
a. Mutual fund managers tailor their investment strategies to meet the objectives of their shareholders.
b. Investors have a much higher demand for closed-end funds than for open-end funds.
c. Investors purchase mutual funds for the advantage of professional management.
d. Closed-end funds typically issue shares only one time during their investment horizon.
QUESTION 16
- The net asset value of the Ignite Aggressive Growth Fund increased from $18.50 to $25.75 from January through December. Income distributions are $0.85 and capital gain distributions are $1.15. In the absence of taxes and transaction costs, the one-year holding period return for the fund is closest to:
a. 28.15%.
b. 28.38%.
c. 39.19%.
d. 50.00%.
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