Remaining Time: 15 Question Completion Status: 160 10 L Moving to another question will save this response. Question 26 A typical fee structure for hedge funds is 2/20. This represents: a. 2% gain if the fund loses money and 20% gain if the fund is profitable Ob.2% management fee and 20% profits realized by the fund c. 2% front-end load and 20% back-end load d. None of the other answers are correct Oe.2% transaction cost per transaction for a 20% ownership interest A Moving to another question will save this response. Ma esc F1 F 80 F3 DOO F4 F5 2 3 $ 4 % 5 Q W R OWO. Multiple Attempts Not Force Completion Once started, this test must be completed in one sitting. Do not leave the test before clicking Se Your answers are saved automatically. Remaining Time: 15 minutes, 18 seconds. Question Completion Status: 10 A Moving to another question will save this response. Question 27 Which one of the following sentences is correct concerning fixed-income securities? a. Fixed-income securities tend to be more liquid than money market securities. b. The price of a fixed-income security is inversely related to the current yield. c. The coupon rate on a fixed-income security is equal to the current yield. d. Fixed-income securities include all debt instruments issued by the U.S. government. e. Fixed-income securities are default free. L Moving to another question will save this response. MacBoo! esc FI 80 F F3 COD F4 F5 2 # 3 $ 4 % 5 6 8 10 A Moving to another question will save this response. Question 28 The market risk of any asset is measured by the: a. expected return b. market risk premium O standard deviation d. beta Moving to another question will save this response. esc FI Bo F3 F4 F5 @ 1 2 3 $ 4 % 5 Question Completion Status: 8 10 110 4 Moving to another question will save this response. Question 29 position in the security. If you benefit when a security increases in value, you have a a. long Ob.covered Oc wrapped d. margined e. short A Moving to another question will save this response. MacE SC FI F" 80 DOO F3 DOO F4 F5 1 # 3 2 A tA % 5 Q W Multiple Attempts Not allowed. IRIS Force Completion Once started, this test must be completed in one sitting. Do not leave the les Your answers are saved automatically, Remaining Time: 14 minutes, 50 seconds. Question Completion Status: 20 21 8 10 Moving to another question will save this response. Question 31 The trading strategy that involves the distribution of Investment funds among broad classes of assets is referred to as: a. buying on margin O b. day trading Oc market timing Od security selection e asset allocation Moving to another question will save this response. MacBook Air ODO FI F" GOD F4 F5 F6 7 # 3 2 $ 4 % 5 6 & 7 Q W E R T
