QUESTION 29

1. The Low Risk Fund owns the following stocks: Stock shares Stock Price A 5,500 $32

B 3,000 $28

C 6,400 $17 The fund has no liabilities and has 25,000 shares outstanding. What is the fund's net asset value?

$13.68

$14.05

$14.14

$14.62

$14.75

QUESTION 23

1. An open-end fund which invests strictly in short-term, high-quality, low-risk securities is called a(n) _____ mutual fund.

bond

stock

money market

asset allocation

balanced

QUESTION 20

1. A company which pools funds of individual investors and invests them on a group basis is called a(n):

combined company.

conglomeration.

allocated company.

investment company.

joint stock company.