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Chapter 12 Quiz questions with answers. $9.49   Add to cart

Exam (elaborations)

Chapter 12 Quiz questions with answers.

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  • Course
  • CIMP - Certificate in Investment Performance Measurement
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  • CIMP - Certificate In Investment Performance Measurement

Chapter 12 Quiz questions with answers.

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  • September 23, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • CIMP - Certificate in Investment Performance Measurement
  • CIMP - Certificate in Investment Performance Measurement
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PROFESSORAILAH
Chapter 12 Quiz questions with answers.
_______________ is a market-performance measurement index. Derived from the stock of 500 large
companies on the U.S. market, it is designed to be a leading indicator of U.S. equities and is intended to
reflect the risk/return characteristics of the large-cap companies. ANS -Standard & Poor's 500



________ refers to the operating expenses of the fund divided by the total assets of the fund, expressed
as a percentage. ANS -An expense ratio



What does NAV measure? ANS -The total value of all the assets in the mutual fund minus cost, divided
by the number of shares outstanding



__________________ are share classes that are level-load shares and generally do not have a front-end
load. ANS -Class C



The NAV of an open-end fund is commonly referred to as the _______________ of the mutual fund.
ANS -Share price



A(n) ____________________ is a sales charge that can be charged when investments are made in the
fund or when money is withdrawn from the fund. ANS -Load



Secondarily, mutual funds are categorized into ______ funds ANS -Load and no-load



Which is NOT a major benefit of a mutual fund? ANS -No risk



When are mutual fund purchases and sale orders executed? ANS -At the end of the business day



_______________ is a market-performance measurement index. Derived from the stock of the 2,000
smallest companies on the U.S. market ANS -Russell 2000



A contract(s) in which the seller of a security agrees to buy back the security at a specified time and for a
specified price is called ANS -Repurchase agreements

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