True or False, questions 19, 20,21,5

questions 19, 20,21,25

19.. A mutual fund objective statement provides general information about the types securities a mutual fund will hold as assets. 20. The return from investing in mutual funds can include dividends, gains from the sale of the mutual fund assets, and gains from the sale of the mutual fund shares. 21. Directed brokerage is a trading abuse where a mutual fund and a brokerage agree to promote sales of certain funds in exchange for orders of specific stocks and bonds. 22. Hedge funds are forbidden to sell a security short or to engage in arbitrage trading. 23. With variable life insurance, the term "variable" refers to the variable nature of the benefit because premium payments are invested in mutual funds whose return can vary over time. 24. The cash surrender value of a life insurance policy represents the payment to the insured's beneficiaries at the time of death. 25. Property-casualty underwriting risk only exists when the premiums generated on a given insurance line are less than the claims (losses) on the line