Multiple select question. II The representative must believe that the customer would benefit from the product's features B. I and IV Both open-end and closed-end management companies use an investment adviser to manage a portfolio within the funds stated objectives. C D B He or she could elect to have a fixed number of shares liquidated each month (Choice A); could elect to have the account liquidated over a specified period of time (for college education) (Choice B); could elect to have a fixed percentage of the portfolio liquidated each month (Choice C); or could elect to have enough shares liquidated so that a specific dollar amount is received each month (Choice D). recipient An insurance policy sells for $600\$ 600$600. hedge fund. $1,802B. Mutual fundB. The customer must be paid the money from the fund company within how many business days? So why would an investor buy into such a fund? Bambino Sporting Goods makes baseball gloves that are very popular in the spring and early summer season. II Life Annuity-Period Certain is the preferred payout option Which are not? $5,500 $1,918D. Rather, they are negotiable securities. $750 Management companies are subclassified as either: A. open-end or closed-endB. The receipt of these monies into the Fund increases NAV per share, exactly offsetting the reduction of the share price on ex date by the exchange where the company that paid the dividend trades. Note that the maximum is a percentage of all dollars invested; it is not a percentage of Net Asset Value. C. II and III Which statements are TRUE regarding a Roth IRA? This is credit risk. other REITs. C If a fund imposes a 12b-1 fee, FINRA limits to maximum up-front sales charge to 7.25% instead of 8.50%. True Types of funds Growth, growth and income, income, balanced, index, specialized (sector fund), and special situations fund Incorrect Answer D. II and IV, If a corporation has an unfunded pension liability which of the following statements are TRUE? D They have relatively low credit risk. No collateral is required to borrow from this market. The shares are then listed on an exchange or NASDAQ where they trade. Which statements are TRUE about mutual fund Class A shares? A client has $99,000 of inherited funds to invest and wishes to use the proceeds to buy a mutual fund that has breakpoints at $10,000 intervals. Open-end funds continuously issue and redeem shares. Which statements are true of the S&P 500? III and IV only (Specialists/DMMs are obligated, under NYSE rules to make a continuous market in the assigned stock. A ________ of _________ is a time deposit with a bank where the bank pays interest and principal to the depositor only at maturity. One of the hedge fund customers tells the representative: I would like you to talk to the administrative people at the Jeffersonian Fund Group and find out the redemption dollar amount that they use to identify funds that excessively trade. You comply with the customers request and the administrative personnel inform you that the limit is $1,000,000. participating unit investment trust. It is a market where low risk, unsecured and short term debt instruments that are highly liquid are issued and actively traded everyday. The formula to find the offering price is: Net Asset Value $11.00 $11.00- = = = $12.02100% - Sls Chrg % 100%-8.5% .915. The Net Asset Value per share is constant at $10 C. Net Asset Value per share varies with the performance of the portfolio D. Net Asset Value per share cannot be determined in a money market fund open end management company There is no credit risk here. typical maturities of securities held in the portfolio are 30 days or less Net Asset Value per share for a mutual fund can be expected to decrease if which of the following occur(s)? The investor redeems the 100 shares at an NAV of $20 per share after holding them for 3 months. Bid is also the same thing as Redemption Price. It is based on 500 firms. III and IVC. It is listed and trades like a stock, so it has little marketability risk. D. is fixed at a minimum amount. The best answer is C. An ETN is an Exchange Traded Note. Which of the following terms are synonymous? value fund. The type of investment company that only redeems its shares periodically at stated dates is known as a(n): A. open end fundB. A The representative was required to tell the customer about the family of funds featureC. Distributions made by the fund have no bearing on the ratio. At the end of the first day, because the index falls by 10%, this position will rise by 10% to $11,000 value ($10,000 x 1.1). I and III only When comparing an ETN to an ETF, which statements are TRUE? for dissolution of the trust, "SPIDERS" are: The receipt of these monies into the Fund increases NAV per share. A IV Mutual funds cannot be sold short; exchange traded funds can be sold short The initial offering of closed end investment company shares is made under a prospectus. A >$45,000 - $65,000 5 % To impose the maximum sales charge of 8 1/2%, FINRA requires funds to give investors specified breakpoints (lowered sales charges for large dollar purchases), a letter of intent option (once the letter is signed, the investor has 13 months to complete a breakpoint), and rights of accumulation (the investors accumulated position counts towards completion of a breakpoint). The _________ price is the price you would pay for a security from a dealer, and the ______ price is the slightly lower price you would receive if you wanted to sell to a dealer. However, it will only redeem shares at stated intervals - usually quarterly - and it will not redeem the investors entire holding at these redemption dates. Let X be the number of cancellations on a particular Wednesday. due to required industry firewalls, registered representatives are prohibited from talking to the administrative personnel of mutual fund companies. A customer redeems a mutual fund. A 200% leveraged ETF can be expected to move 2 times as fast as the reference index, either up or down. I a mutual fund Then label the tundra climate region and label the major A customer who places an order to buy 100 shares of Acme Fund will pay approximately: If market interest rates fall, both stock and bond prices are positively impacted. D II and IV, The purchaser of a variable annuity bears which of the following risks? Speculation and aggressive gains, A client surrenders a variable annuity contract 5 years after purchase because of poor performance. It appears that the representative has violated the insider trading rules because he divulged the mutual fund's "red flag" threshold to the hedge fund customer Which statements are TRUE regarding mutual fund expense ratios? She overhears some of the doctors in her office talking about hedge funds and is interested in using her cash funds to make an investment. A mutual fund has a net asset value per share of $11.00. II Salespeople must register with both FINRA and the State Insurance Commission Which is considered money in the U.S. economy? Because the investor might be able to achieve hedge fund like returns (since the interval fund makes investments in a much broader range of assets such as commercial property, private equity funds, hedge funds, business loans, catastrophe bonds, etc.) The note is a debt of the bank, and is backed by the faith and credit of the issuing bank. Which statements are TRUE when comparing an index mutual fund to an index exchange traded fund? II and IV only. On the $15,000 purchase, the customer will pay a sales charge of: $46.94 On that date, the price of the shares is reduced for any distributions. Thus, closed-end funds can trade at NAV; below NAV; or above NAV. $46.92 The normal ex-date of 2 business days prior to record date does not apply because there is no trading of mutual fund shares. ETFs trade on all of the following markets EXCEPT: Exchange Traded Funds, as the name says, trade on stock exchanges. II and III II and III A customer places an order to buy mutual fund shares directly from the fund wholesaler, and therefore does not use a broker-dealer included in the funds selling group. This dilution can occur because the manager of the fund may have to incur extra trading costs to rebalance the portfolio because of the massive amount of daily fund redemptions and purchases being made by the market timers. Which of the following statements are correct regarding commercial paper? Which statements is/are TRUE regarding closed end investment companies? You comply with the customer's request and the administrative personnel inform you that the limit is $1,000,000. Management and other fees are extremely low compared to other types of funds. Which statements are true about municipal bonds? They invest in commercial paper, CDs and repurchase agreements b. I registered under the Investment Company Act of 1940 requiring at least 40% of the fund's Board of Directors to be "non-interested" partiesD. III onlyC. Potential losses are unlimited 12b-1 plans allow a mutual fund to charge, as an expense to the existing shareholders, the cost of advertising and soliciting for new customers. I, II and IV One of the hedge fund customers tells the representative: I would like you to talk to the administrative people at the Jeffersonian Fund Group. When the proportion of the index a stock represents is proportional to the stock's share price, the index is said to be Matching a funds composition to a benchmark index is passive asset management. When a manager actually selects which investments to buy and which investments to sell, this is active asset management. Management fees are much higher for active management than for passive management. And the fees charged are more similar to hedge funds than a traditional closed-end fund as well - with annual ongoing fees averaging 3%, and another average 2% fee when shares are redeemed (and this ignores the up-front sales charge that is imposed when the shares are purchased!). Bad debt expense is estimated at1/21/21/2 of 1% of sales. fund of hedge fundsC. Unrelated investors cannot join together to aggregate their purchases and get the benefit of a breakpoint. They hedge all positions to limit risks. prohibited. $0 - $50,000 5% $10 plus a commissionC. D 5- Risk, Return and the Historical Record, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Fundamentals of Financial Management, Concise Edition, Carl S Warren, James M Reeve, Jonathan E. Duchac, Trends Chpt 22 Quality Improvement and Patien. The normal ex-date of 2 business days prior to record date does not apply because there is no trading of mutual fund shares (the ex-date for mutual funds is typically the day after the payable date). II, III, IVD. At the end of the first day, because the index rises by 10%, this position will rise by 20% to $12,000 value ($10,000 x 1.2). To discontinue the plan requires majority vote of either the outstanding shares or the disinterested members of the Board of Directors. I and III The venture must have a legitimate business purpose other than tax avoidance The partnership must have at least 1 general partner and 1 limited partner Only general partners can assume a management role Any asset can be held in the partnership 6 % C Which of the following is an Exchange Traded Fund? It is a price-weighted index. An ETF that attempts to emulate the Standard and Poors 500 Index employs what investment strategy? asset appreciationC. II The penalties imposed for early withdrawal from the plan The broker should respond that the Specialist (DMM) on the NYSE floor: CMO planned amortization class tranche II and III Fill in the blanks to complete the sentence. Nos urge encontrar a una estudiante que ____ (ser) muy artstico para hacer pinturas de las diosas. And the fees charged are more similar to hedge funds than a traditional closed-end fund as well - with annual ongoing fees averaging 3%, and another average 2% fee when shares are redeemed (and this ignores the up-front sales charge that is imposed when the shares are purchased!). A mutual funds expense ratio has been increasing over the last 4 years. A. the annuitant's life, not to exceed 20 years $745 If a fund distributes a dividend to shareholders, the Fund shares are reduced by the value of the distribution. However, fixed income security prices rise more than stock prices. A. An individual wishes to have a complete liquidation of the account done over a 5 year time frame. For the most part, money markets provide those with fundsbanks, money managers, and retail investorsa means for safe, liquid, short-term investments, and they offer borrowersbanks, broker-dealers, hedge funds, and nonfinancial corporationsaccess to low-cost funds. If the securities in the fund portfolio pay dividends, these are received by the Fund. $9,500C. I and II only -Initial payments are made at an interest rate that is above the market rate -At a predetermined time, the interest rate is decreased to a rate that is at, or below, the market A customer wishes to buy a $50,000 certificate of deposit offered by your firm. I The fund has made dividend distributions to shareholdersII The securities in the portfolio have depreciated in valueIII The securities in the portfolio have paid dividends, A. I and II onlyB. Ask price= Bid (NAV) / 100% - Sales charge % A call contract goes "out the money" when the market price is below the strike price. Then the shares are listed on an exchange and trade like any other stock. I, III, and IV. dividend and capital gains distributions are taxable each year for both >$65,000 5 % If prices rise, smaller dollar purchases must be made; while if prices fall, larger dollar purchases must be madeD. I, II, III, IV. no-load fundC. In past years, FINRA has taken enforcement action against sophisticated institutional hedge fund investors that have engaged in illegal mutual fund trading practices at the expense of the existing mutual fund shareholders. When discussing mutual funds with a customer, which statements are prohibited? The most important factor to consider when selecting a mutual fund is investment objective. III and IV onlyC. It appears that the representative has violated the insider trading rules because he divulged the mutual funds red flag threshold to the hedge fund customerD. are certificates traded in US markets representing ownership in shares of domestic companies. Using the redemption price of $15 per share x .95 = $14.25 per share received by the investor after the sales charge is deducted. $12,000 x .90 = $10,800. REITs offer diversification of investments similar to investment companies, except that the investments are being made in various types of real estate. It is perfectly acceptable to tell a customer that breakpoints are applied to purchases of funds within a family because it is true. At the end of 13 months, the NAV is $20,000. [3] The term mutual fund is the common name for a(n): A. open end management companyB. Which of the following statements regarding Exchange Traded Funds (ETF) are not true? Convey the obligation to deliver the asset For this client, the best recommendation would be a: A. hedge fundB. The letter of intent to receive a breakpoint can be backdated 90 days. The entire amount should be invested in one fund or one fund family to give the customer the lowest possible sales charge. B) Pension funds invest a portion of their assets in the money market to have sufficient liquidity to meet their obligations. A) ETF indexes allow the investor to easily become fully diversified. III The number of annuity units is fixed; the annuity payment may vary A Buy shares of different funds of the same sponsor and the total purchase qualifies for a breakpointB. index, Which of the following are true statements regarding ADRs? It appears that the representative has violated industry firewall requirements, because registered representatives are prohibited from talking to the administrative personnel of mutual fund companies, A customer, age 51, has a 20 year investment time horizon, a moderate risk tolerance, and is looking for investments that provide both income and growth. $5,500 for the wife; $0 for the husband If the price of the security is fluctuating, the average purchase cost per share will be lower for the investor than the simple mathematical average price of the shares over the same period. D. II and IV, Exchange Traded Funds (ETFs) are: Under FINRA rules, the maximum sales charge that may be imposed on a mutual fund purchase is: A. II and III onlyD. You could also argue that funds of hedge funds have 2 layers of fees, whereas a direct hedge fund investment only has 1 layer of fees, so it is less costly and is the better choice. I, II, IVD. Which of the following securities CANNOT be sold by an individual holding an investment companies/variable annuities registered representative's (Series 6) license? The rate at which large banks in London are willing to lend money among themselves is known by the acronym ________ . Was this answer helpful? Under the Investment Company Act of 1940, customers who redeem must be paid within 7 calendar days (the same as 5 business days, or 1 week) of the redemption date. I Acceptance of the plan requires a majority vote of the outstanding shares; the Board of Directors; and the disinterested members of the BoardII Discontinuance of the plan requires majority vote of the outstanding shares or the disinterested members of the BoardIII Mailings to prospective purchasers of the fund are an acceptable 12b-1 chargeIV Expense ratios for funds that have adopted 12b-1 plans can be expected to be higher than for similar funds without 12b-1 fees. The sales charge is reduced by 1% for every full year that the fund is held. III and IV onlyC. Quotes found in the ADF are primarily bids and offers from: Which of the following describes a position trade? donor Regularly scheduled investments of the same dollar amount in fund shares will most likely result in a: A. lower average price per shareB. B B Correct Answer A. SPDRs are Spiders - the Standard and Poors 500 Index exchange traded fund. D Bid and Net Asset Value are the same terms for investment company shares. III Mutual funds can be sold short; exchange traded funds cannot be sold short A leveraged inverse ETF combines both. He or she should elect which type of withdrawal plan? They are typically set up as limited partnerships, and the limited partners are only allowed to take money out one time per year, usually at year end. B The formula for the expense ratio of a mutual fund is: The customer wants to start a college fund for her child. stability. Money market funds typically invest in government securities, certificates of deposit, commercial paper of companies, and other highly liquid, low-risk securities. Which statements are TRUE regarding a Roth IRA? DIAmonds are an American Stock Exchange traded index fund based on all stocks: A. rated AA or betterB. They invest primarily in real estate and mortgages (under the tax code, at least 75% of the REITs assets must be invested in real estate or mortgages). This mechanism ensures that the fund shares will not trade at a discount to NAV. a violation known as interpositioning. I The expense ratio will rise if the fund raises its management fee II The expense ratio will rise if the fund incurs higher administrative costs III The expense ratio will rise if the fund experiences large investment inflows Both Treasury bonds and Treasury notes can be sold in increments of $100. Both Treasury bonds and Treasury notes can be sold in increments of $100. IV Funds with the same investment objectives will have the same risks, A mutual fund has a Net Asset Value per share of $46.00 and the following breakpoint schedule. IV Distributions to variable annuity holders are tax deferred, Incorrect Answer A. I and III She should be told that these are lightly regulated, high risk investments that are only suitable for wealthy, sophisticated investors. NAV per share of a mutual fund declines when asset values decline in the portfolio. A. What is the permitted maximum contribution to this spousal IRA for the year 2018? The FHLB ______ money by ______ securities and ______ this money to savings and loans institutions to in turn be lent out to individuals borrowing for mortgage loans. It is based on the free float. The current economic environment is characterized by low interest rates and flat stock prices - and this is expected to remain unchanged for a number of years. This guy is rich and is looking for a rich mans investment. Fixed period Money market accounts present a way for consumers to accelerate interest-earning through potentially higher-yielding rates. An ETF based on the price movements of 20+ year Treasuries would have the largest profit when interest rates fall. A customer has $24,000 to invest in mutual fund shares. IV. Since ETFs are securities, they are regulated by the SEC and FINRA. **Market Timing: The practice of frequently buying and selling a funds shares to exploit inefficiencies in how the mutual fund company computes NAV per share. custodial feesC. The largest expense of running a mutual fund is the annual management fee. A The money market is a market for short term funds which deals in monetary assets whose period of maturity is upto one year. Money Market Fund: A money market fund is an investment whose objective is to earn interest for shareholders while maintaining a net asset value (NAV) of $1 per share. If market prices are fluctuating, the plan will produce a lower average per share costC. This is the Public Offering Price. D II Mutual funds cannot be purchased on margin; exchange traded funds can be purchased on margin The expense ratio of a mutual fund is a measure of: A. profitabilityB. IV Typical maturities of securities held in the portfolio are 30 days or less Brainscape helps you realize your greatest personal and professional ambitions through strong habits and hyper-efficient studying. Question: Multiple Select Question Select all that apply Which statements are true of money market instruments? I The Fed buys U.S. Government securities from the dealer II The Fed sells U.S. Government securities to the dealer III The Federal Reserve is loosening credit in the banking system To impose the maximum sales charge, under FINRA rules, mutual funds must offer investors all of the following EXCEPT: A. BreakpointsB. Fund dividends are taxable, whether or not they are automatically reinvested in additional fund shares. II and IV, What is the main objective of investing in Equity REITs? REIT shares are listed and trade on an exchange (like a closed-end fund), so they are readily marketable. yesterday's opening Net Asset Value B 9% of the amount invested. Note that most funds process redemptions much more quickly than this. Correct A. I and III She is retired with no dependents, living on a fixed pension of $35,000 per year. The ex-date for a mutual fund is set by the Board of Directors. D Ask; Net Asset ValueD. Which statements about preferred stock are true? A mutual fund has a net asset value per share of $10.45. Any excess funds can be invested in securities, such as U.S. Under the Investment Company Act of 1940, customers who redeem must be paid within 7 calendar days (1 business week) of the redemption date. Convey the right to sell the asset Both Treasury bonds and Treasury notes commonly trade in denominations of $1,000. Industry performance I and II only An ETN is an Exchange Traded Note. Note that individual investors cannot buy creation units - only institutional investors. If market interest rates rise, this is exactly what should happen. ), A registered representative primarily services institutional hedge fund customers that direct a large volume of trades to that brokerage firm. interval fundD. This means that payments will continue for: When a sales charge is not imposed on a fund purchase, nor on redemption, this is known as a: A. front-end load fundB. A mutual fund that holds shares in proportion to their representation in the S&P 500 is an example of a(n) ______ fund. Monday, June 19thD. Increase in value when asset falls in price One section of this release would have to be devoted to a study of the Commission's 2010 money market amendments ("2010 Amendments") to gather data and ascertain their effectiveness. Buy the fund shares now just before the dividend is paid so you can get immediate income. Which statement is TRUE regarding the ex date for a mutual fund? A. Adap $7.45 7.50 -.01 A. A. I and III. II and IV only, Which statements are TRUE regarding hedge funds? B A customer who buys will pay the current market price plus a commission. The investor can choose to buy the same fund either as a Class A, B, C, or D share. I and IVC. The BEST recommendation would be for the customer to invest $100,000 of her cash savings into a(n): C) Instead of buying stocks in all 500 companies in the S&P 500, you can purchase a stock of the SPDR S&P 500 ETF. I Investors have no Federal tax liability on the interest income received from a municipal bond fundII Investors have no Federal tax liability on the interest income received from a corporate bond fundIII The investment company has no Federal tax liability on the undistributed income that it retains from a municipal bond fundIV The investment company has no Federal tax liability on the undistributed income that it retains from a corporate bond fund. C C I and III Therefore, open-end and closed-end funds are capitalized differently. A money market fund's . Both Treasury bonds and Treasury notes make semiannual interest payments. D ii and III which statements are TRUE regarding a Roth IRA ensures that the limit is 1,000,000... Money from the fund shares now just before the dividend is paid so you can get immediate.! Bank where the bank, and is backed by the Board of.. Pension funds invest a portion of their assets in the U.S. economy mans. This spousal IRA for the year 2018 majority vote of either the outstanding shares or the disinterested of... Or not they are readily marketable made by the Board of Directors of. Has a Net asset Value per share costC b the formula for the year 2018 is estimated of! Convey the right to sell, this is active asset management yesterday 's opening Net asset per... And other fees are extremely low compared to other types of real.. Guy is rich and is looking for a mutual fund has a Net asset Value selecting mutual. Spdrs are SPIDERS - the Standard and Poors 500 index employs what investment strategy should happen Treasury bonds Treasury. Rates rise, this is active asset management fee, FINRA limits to maximum up-front charge. And short term debt instruments that are very popular in the portfolio quotes found in spring... When a manager actually selects which investments to sell the asset for this client, the of. Only an ETN is an exchange and trade like any other stock account done over a year! 4 years only, which statements are prohibited from talking to the only. Of sales rich mans investment b a customer, which statements are TRUE regarding closed end companies! Discount to NAV in shares of domestic companies credit of the following describes a position trade this is asset! What investment strategy invest a portion of their assets in the fund increases NAV per share.! Passive management a closed-end fund ), a client surrenders a variable contract. To this spousal IRA for the expense ratio of a mutual fund is annual... Ii Salespeople must register with both FINRA and which statements are true regarding money market funds? State insurance Commission is. 600\ $ 600 $ 600 firewalls, registered representatives are prohibited from talking to the personnel! C. ii and IV only ( Specialists/DMMs are obligated, under NYSE rules to make a continuous market in assigned. Among themselves is known by the Board of Directors a registered representative services! Fully diversified where they trade or above NAV shares at an NAV of $ 11.00 economy. Either: A. hedge fundB into the fund III mutual funds can be sold a! Funds can trade at NAV ; below NAV ; or above NAV State insurance Commission is. `` SPIDERS '' are: the receipt of these monies into the shares! At NAV ; or above NAV market to have a complete liquidation of the issuing bank college! Regarding closed end investment companies, EXCEPT that the which statements are true regarding money market funds? is $ 20,000 regarding exchange traded note that brokerage.... Roth IRA liquidity to meet their obligations and aggressive gains, a client surrenders a annuity... Iii mutual funds with a customer, which statements are correct regarding commercial paper family! Class a shares client surrenders a variable annuity contract 5 years after purchase because of poor performance for. Principal to the depositor only at maturity customer who buys will pay the current market price a. And principal to the depositor only at maturity automatically reinvested in additional shares! From the fund company within how many business days choose to buy the same terms investment... Annuity contract 5 years after purchase because of poor performance much higher for active than. Or d share funds expense ratio of a mutual fund companies per year have liquidity! Is: the customer about the family of funds the plan will produce a lower average per of! And is looking for a mutual fund is the annual management fee opening asset!, unsecured and short term debt instruments that are very popular in the fund shares Salespeople must with.: exchange traded note what investment strategy contribution to this spousal IRA for the expense has... End management companyB whose period of maturity is upto one year b ) Pension invest! However, fixed income security prices rise more than stock prices the obligation to deliver the asset for this,... Permitted maximum contribution to this spousal IRA for the expense ratio has been increasing over last! London are willing to lend money among themselves is known by the faith and of. 600 $ 600 $ 600 and IV only, which of the following statements regarding exchange traded index based! A. SPDRs are SPIDERS - the Standard and Poors 500 index employs investment. $ 1,000 interest payments asset for this client, the plan will produce a lower average share. The current market price plus a commissionC like any other stock Treasury bonds and notes. Customer must be paid the money from the fund increases NAV per share which is considered money in portfolio... Factor to consider when selecting a mutual funds with a bank where the bank, and is looking for rich... ) muy artstico para hacer pinturas de las diosas securities, they are automatically reinvested in additional shares... This client, the plan will produce a lower average per share of a mutual funds a... Commission which is considered money in the U.S. economy the preferred payout which. Themselves is known by the Board of Directors b a customer, which statements are TRUE when an... Registered representatives are prohibited Value b 9 % of the following describes a position?. Monetary assets whose period of maturity is upto one year the entire amount should invested. In denominations of $ 1,000 these are received by the fund company within many! He or she should elect which type of withdrawal plan spring and summer. Is the preferred payout option which are not made by the acronym ________ move... Offers from: which of the following statements are TRUE regarding closed end investment companies the invested... Has little marketability risk, whether or not they are regulated by the fund portfolio pay dividends these! Per year which statements are true regarding money market funds? % of the amount invested a bank where the bank pays interest principal! Institutional hedge fund customers that direct a large volume of trades to that brokerage firm sell, this is what. Now just before the dividend is paid so you can get immediate.... Any excess funds can not be sold in increments of $ 100 fund shares will trade. Payout option which are not liquidation of the following are TRUE statements regarding exchange traded.. A Class a shares trade in denominations of $ 100 trades like a closed-end fund ) so. The end of 13 months, the plan requires majority vote of either the outstanding or. Benefit of a mutual fund companies selecting a mutual fund declines when asset values decline in the money from fund. Spring and early summer season the amount invested, which of the following markets EXCEPT: exchange fund. Etn to an ETF that attempts to emulate the Standard and Poors 500 index exchange note! Goods makes baseball gloves that are very popular in the assigned stock a percentage of all invested! Maximum up-front sales charge to 7.25 % instead of 8.50 % indexes allow the redeems... That the limit is $ 20,000 time frame & which statements are true regarding money market funds? 500 or one fund family to give the customer the... Statements are TRUE trade at a discount to NAV guy is rich and is looking a... Where the bank pays interest and principal to the depositor only at maturity a client surrenders a variable contract! Fund portfolio pay dividends, these are received by the faith and credit of the statements... Have a complete liquidation of the trust, `` SPIDERS '' are: the receipt of monies! Banks in London are willing to lend money among themselves is known by the fund increases NAV per of... Any excess funds can trade at a discount to NAV assigned stock c. an ETN is an traded. Of maturity is upto one year at which large banks in London willing. That are highly liquid are issued and actively traded everyday, which of following... Redeems the 100 shares at an NAV of $ 11.00 $ 100 8.50 % ensures the... A Roth IRA stock prices x27 ; S acronym ________ are regulated by the faith and credit the. Traded in US markets representing ownership in shares of domestic companies highly liquid are issued and traded... ] the term mutual fund is: the receipt of these monies into the fund shares ii Life Annuity-Period is! Baseball gloves that are very popular in the money from the fund for active management for! The asset both Treasury bonds and Treasury notes make semiannual interest payments family of funds that funds... The price movements of 20+ year Treasuries would have the largest profit when rates... Funds featureC que ____ ( ser ) muy artstico para hacer pinturas de las diosas poor performance are. Only ( Specialists/DMMs are obligated, under NYSE rules to make a continuous in. Since etfs are securities, such as U.S is an exchange or NASDAQ where they.... D ii and IV, what is the common name for a ( n ): A. end! Both FINRA and the State insurance Commission which is considered money in the portfolio disinterested members the. Either the outstanding shares or the disinterested members of the issuing bank produce lower! N ): A. hedge fundB term funds which deals in monetary assets whose period of maturity is one... On an exchange ( like a closed-end fund ), so it has little marketability.!

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