Stock & Bond Investments: Chapter $12$ Assignment

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$1.$ Describe the basic features of mutual funds and note what they have to offer as investments.

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$2.$ What is a mutual fund?$$ Discuss the benefits of diversification and professional management.

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$3.$ Distinguish between open$-$end funds and closed$-$end funds, exchange traded funds, and other types of professionally managed investment companies and discuss the various types of fund loads, fees, and charges.

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$4.$ Discuss the types of funds available and the variety of investment objectives these funds seek to fulfill.

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$5.$ Discuss the investor services offered by mutual funds and how these services can fit into an investment program.

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$6.$ What are the advantages and disadvantages of mutual fund ownership?$$

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$7.$ Briefly describe how a mutual fund is organized.$$ Who are the key players in a mutual fund organization?

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$8.$ What is the most dominant type of closed$-$end fund?$$ Why do closed$-$end funds trade at either a discount or a premium to net asset value?

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$9.$ A new type of fund was established in $1993$ called an exchange$-$traded fund $($ETF$).$ What is an ETF?$$ And how does an ETF differ from an open$-$ended mutual fund?

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$10.$ Describe a real estate investment trust $($REIT$).$ What risks and rewards would you find by investing in a REIT?$$ Explain.