Question 7 (1 point) Which of the following is TRUE regarding Closed End Funds? 1. They can only be bought from and sold to the fund company. II. They invest passively in stock indexes III. They are bought and sold at NAV IV. They are corporations that issue shares and use the proceeds to invest in securities O II and III only IV only I only 1 and Ill only Question 8 (1 point) Which of the following is/are TRUE about Hedge Funds? 1. They are only available to certain investors II. They are free to invest in whatever they want III. They typically charge both a management fee as well as a performance fee IV. They can range in risk from low to very high. O II and IV only O1, II and III only 1, 11, 111, and IV 1 1. III and IV only Question 18 (1 point) What would the offering price be for a fund with a Net Asset Value of $12.50 and a front-end load of 2.5%? a) $12.20 Ob) $12.81 C) $12.82 d) $12.50