D Then the shares are listed on an exchange and trade like any other stock. dividend income from investments, d (To qualify as a regulated investment company, 75% of REIT income must be real estate related. The last price for Acme Fund is $10.25, so 100 shares will cost $1,025 plus a commission. This is a tricky question. that days opening Net Asset ValueD. A There is no sales charge, but they impose annual 12b-1 fees and service fees. B A. StockB. C Fund wholesalers must be FINRA members. Can you help him figure out the IRR? If the disclosure is not made, the registered representative has committed a violation known as a breakpoint sale. A backing away violation is where a firm quote is given to a customer and then not honored - the representative has backed away from that quote. The initial offering of closed-end investment company shares is made under a prospectus. An open end fund has a Net Asset Value of $10 per share. A The management fee is not decided on by the shareholders of the fund. 6 % Inverse (Short) S&P 500 Index ETFC. III and IVC. $0 - $50,000 5% If a fund imposes a 12b-1 fee, FINRA limits to maximum up-front sales charge to 7.25% instead of 8.50%. At a predetermined time, the interest rate is decreased to a rate that is at, or below, the market C. At a predetermined time, the maturity is decreased or "stepped down" D. This will not work if the market moves straight up or straight down. Technical analysis. However, all mutual funds charge an annual management fee, which is an annual expense against the funds investment income. The expense ratio of a mutual fund is a measure of: A. profitabilityB. They can be purchased indirectly through mutual funds. Note that most funds process redemptions much more quickly than this. Fund Net Asset premium A It is commonly used by dealers in government securities who sell Treasury bills to a lender and agree to repurchase them at an agreed price at a later date. Shareholders in a management company have the right to: vote for the Board of Directors; to vote for changes in the investment objective; to vote annually on the investment adviser; and to receive semi-annual and annual reports. ETFs are almost a hybrid type of investment company structure because they allow for the creation of additional shares, like an open-end fund; but they are listed and trade like a closed-end fund. Which of the following statements is true with regard to financial markets? A. I and IVC. Well, you can get this one down to 50/50 pretty quickly. I The letter of intent can be backdated 60 daysII The letter of intent can be backdated 90 daysIII The letter of intent must be completed within 3 months in order to obtain the breakpointIV The letter of intent must be completed within 13 months in order to obtain the breakpoint, A. I and IIIB. Equity REITs I The REIT issues common shares representing a proportional interest in the investment company C He will produce the 31,500 units over four months at a level of 7,875 per month. trades in the marketD. She should be told that these are lightly regulated, high risk investments that are only suitable for wealthy, sophisticated investors. Correct B. will decrease Money market funds are unusual in that the Net Asset Value per share is constant at $1.00. Money market accounts present a way for consumers to accelerate interest-earning through potentially higher-yielding rates. A It is an investment company that owns an underlying portfolio of securities. Which of the following recommendations is most appropriate for this customer? Which statements are TRUE regarding money market funds? A Income and growth II and IIIC. I The portfolio of investments is managedII The initial offering of shares is made under a prospectusIII Shares trade in the secondary market at prevailing market prices, A. I onlyB. This contrasts to a closed end fund, where the fund is traded in the market like any other stock. An ADR is an American Depositary Receipt. requiring at least 40% of the funds Board of Directors to be non-interested partiesD. The best answer is C. Interest payments on loans, intangible drilling costs (the cost of drilling for oil and gas), and depletion allowances (the recovery of monies paid to buy the oil or gas reserve) are all tax deductible items under the Internal Revenue Code since they are "ordinary and necessary business expenses." A leveraged inverse ETF combines both. The investor will receive: A contingent deferred sales charge is imposed if an investor redeems a mutual fund before holding the fund for a stated time period. Any purchaser would pay the prevailing market price (which can be below, at, or above Net Asset Value) and would have to pay a commission to have the trade executed. tax exempt fund, Which of the following is available to purchasers of variable annuity contracts? I the price of the stock remains fixed These are taxed at ordinary income tax rates of up to 37%. REITs do not allow for flow through of loss - only net income flows through to shareholders under conduit tax treatment. Buying a fund just before a distribution results in taxes to the customer and nothing else because the shares are reduced on ex date for the full distribution. II and IV only. To prevent market timing, most mutual funds have placed restrictions on excessive trading in their prospectuses and monitor accounts for excessive short-term trading. 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 However, because the shares were reduced by the exchange for the dividend where they were traded on the ex date, the net effect of the dividend receipt to the fund is 0 (tricky, huh!). Require payment of premium II Hedge funds must register as management companies under the Investment Company Act of 1940 C. II and III Dollar cost averaging does not work if the price of the stock remains fixed, nor does it protect against loss in a falling market. b. Multiple choice question. III Mortality risk 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. If the market rises, the customers loss can be infinite. III Fund dividends are not taxable if reinvested in additional shares $10,500D. I Shares are issued in a one-time offeringII Shares are continually issuedIII Shares trade on an exchange or over-the-counterIV Shares are redeemed with the issuer. It is based on 500 firms. Correct Answer B. I and IV A repurchase agreement (repo) is a short-term form of borrowing that involves selling a security with an agreement to repurchase it at a higher price at a later date. C in the Dow Jones Industrial AverageC. A. I and II both have portfolios that are managed People cannot join together to obtain a breakpoint on a mutual fund purchase. What will be the market value of the 200 share position? (Exchange traded funds based on indexes by industry sector, country, or market capitalization, are known as "I-Shares," as in "Index Shares. Need help? I ETNs have both credit risk and market riskII ETFs have both credit and market riskIII ETNs have only market riskIV ETFs have only market risk, A. I and II onlyB. D. 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, B. Hedge funds are completely illiquid investments. Regularly scheduled investments of the same dollar amount in fund shares will most likely result in a: A. lower average price per shareB. $11.00 / .915= $12.02, Which of the following statements are TRUE regarding REITs? A. $46.92 Which statement is TRUE? I and IV Mutual funds cannot be sold short. The fund has the following breakpoint schedule: Purchase Amount Sales Charge$0 -$10,000 7.75 % $10,001 - $25,000 7.25 %$25,001 - Over 6.50 %. The reason why these funds are called "money" funds is that the securities held in the portfolios have very short maturities (less than 30 days) and turn over into cash quickly. $50,001 - $100,000 4% D D Since this ETF is 2x, it is an ETF that moves in the same direction as the market, but it moves twice as fast The customer starts with 200 shares at $50, or a $10,000 position. _______ bonds give the firm the option to repurchase the bond from the holder at a stipulated call price. III and IV only II Investment in U.S. issued securities is permitted II and IV, A customer has purchased $25,000 of a mutual fund. The note is a debt of the bank, and is backed by the faith and credit of the issuing bank. Which statement is TRUE? the life of the annuitant and then cease A money market mutual fund portfolio will obviously consist of money market instruments, which are short-term, high-quality debt securities. A mutual funds expense ratio has been increasing over the last 4 years. dividends at POP and capital gains at POP. At the end of 13 months, the NAV is $20,000. C. I and IV A closed-end management company is a publicly traded fund. D Rights of AccumulationC. $46.94 Which of the following statement (s) is (are) TRUE regarding family limited partnerships? The investor can choose to buy the same fund either as a Class A, B, C, or D share. II and IV. Depreciating securities in the Fund portfolio will also decrease NAV per share. A. B. I and IV ), Which statements are TRUE regarding the annuitization of a variable annuity contract? annually, Which statement is TRUE about the taxation of dividends, interest and capital gains in the separate account during the accumulation phase? Multiple choice question. REPOs are repurchase agreements; ADRs are American Depositary Receipts; and ADSs are American Depositary Shares. Which of the following securities CANNOT be sold by an individual holding an investment companies/variable annuities registered representative's (Series 6) license? D However, since these are negotiable securities, they do have market risk. C Fill in the blanks to complete the sentence. MUTUAL FUNDSFund Net Asset Value Offering Price Change, Capital $9.01 $9.59 -.02Common $6.37 $6.64 -.04Corporate $7.72 $8.44 +.03. Industry performance Correct Answer B. I and IV A fund that distributes at least 90% of Net Investment Income to shareholders is regulated under Subchapter M of the Internal Revenue Code and pays no tax on the distributed amount. Because closed-end funds trade like stocks, the funds pricing is reflective of investors sentiment towards the fund. III Hedge fund managers are compensated based on a percentage of capital appreciation in the fund 2X (Leveraged) 20+ Year Treasury ETFD. II If the securities in the portfolio make dividend distributions, the Net Asset Value per share is unaffected 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. If a fund distributes a dividend to shareholders, the Fund shares are reduced by the value of the distribution. A. Thus, they are only suitable for relatively risk tolerant, sophisticated investors. A mutual fund has a net asset value per share of $12.00. Which statements are TRUE regarding Step-Down Certificates of Deposit? D. II and IV. It is a market-value-weighted index. So why would an investor buy into such a fund? B reduces cost basis Redemption of shares has no effect on Net Asset Value per share, because the redemption of each share occurs at the current Net Asset Value that day. The market price of the fund could be: A. II onlyB. An ETF that attempts to emulate the Standard and Poors 500 Index employs what investment strategy? What should the representative do? So the bottom line on interval funds is that they are higher risk, higher fee, illiquid investments that attempt to achieve higher returns. I A Life Annuity payout option may be elected by the policy holder Under the conduit theory, any payment distributed by the fund to shareholders retains the same character and is free from Federal income tax. I and III The registered representative should make the customer aware of the tax consequences of exchanging mutual fund sharesB. Which statements are TRUE regarding a Roth IRA? If the company sells 10,00010,00010,000 policies, what is the expected profit or loss? B CMO planned amortization class tranche $951 plus a commissionC. A closed-end fund has a 1 time stock issuance and then closes its books to new investment and then lists its stock on an exchange or NASDAQ. Ch 2 exploring data with tables and graphs, Customer Accounts Section 2: Account Basics, The Language of Composition: Reading, Writing, Rhetoric, Lawrence Scanlon, Renee H. Shea, Robin Dissin Aufses, Edge Reading, Writing and Language: Level C, David W. Moore, Deborah Short, Michael W. Smith, Literature and Composition: Reading, Writing,Thinking, Carol Jago, Lawrence Scanlon, Renee H. Shea, Robin Dissin Aufses. I The distribution of dividends to mutual fund shareholders affects the Net Asset Value per shareII The distribution of dividends to mutual fund shareholders does not affect the Net Asset Value per shareIII The redemption of mutual fund shares affects the Net Asset Value per shareIV The redemption of mutual fund shares does not affect the Net Asset Value per share. A. ETNs have credit riskB. II and IV only, Which statements are TRUE regarding hedge funds? D III and IV onlyC. In this example, Choice C meets the customers requirements. I and IV onlyC. A customer who buys will pay the current market price plus a commission. The investor redeems the 100 shares at an NAV of $15 per share after holding them for 5 months. Which statements are true about bid-ask spreads? Money market funds usually do not impose sales charges but all funds impose management fees. The portfolio of investments is managed - this is a closed-end management company. DIAmonds is the trade name for the DIA - Dow Jones Industrial Average Exchange Traded Fund. prohibited. The investor redeems the 100 shares at an NAV of $20 per share after holding them for 3 months. dividends at Net Asset Value and capital gains at the Net Asset Value. The ex-date is set by FINRA I, II, III, IV. 20 years to the annuitant or beneficiary, All of the following sources of REIT income are counted towards the 75% test required by Subchapter M EXCEPT: I, III, and IV. I Distributions to mutual fund shareholders are taxable to the holder in the year the distribution is made $7,500, If the actual interest rate earned in the separate account underlying a variable annuity contract is higher than the "AIR" the annuity payment: The Net Asset Value per share is constant at $1 Incorrect Answer B. If a fund distributes a capital gain to shareholders, which statements are TRUE? B Putting your money in a savings account is best if you'll need to withdraw the money in the near future. variable annuity contract It is perfectly acceptable to tell a customer that breakpoints are applied to purchases of funds within a family because it is true. Mutual funds are bought at the Ask price that includes the sales charge. 1) Which of the following statements about the money markets are true? 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. I. registered fund B. Inverse (Short) S&P 500 Index ETF III If the mutual fund makes dividend distributions to shareholders, the Net Asset Value per share will decrease 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. Browse over 1 million classes created by top students, professors, publishers, and experts. The representative has acted properly - no additional disclosures are required to be made to the customerB. II Quality of management can be compared by looking at performance over the same period of time A _______ contract calls for delivery of an asset (or in some cases, its cash value) at a specified delivery or maturity date for an agreed-upon price. The registered representative accepts the customer purchase order without making any additional disclosures. A mutual fund has a net asset value per share of $10.45. Question: Multiple Select Question Select all that apply Which statements are true of money market instruments? I The maximum 12b-1 fee is .25%II The maximum 12b-1 fee is .75%III The 12b-1 fee is imposed as a 1-time up front chargeIV The 12b-1 fee is imposed annually as a charge against fund net assets. C. II and III Their yields are interpreted as real interest rates. SPDRs are Spiders - the Standard and Poors 500 Index exchange traded fund. At the end of that day, the S&P 500 Index declines by 10%. I The customer must be informed, in general terms, of the material features of the product Which of the following may have caused the increase? 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. 1 business dayB. exchange-traded A mutual fund has a net asset value per share of $9.45. IV The capital gain is not taxable if it is automatically reinvested in the fund Correct Answer A. Hedge FundD. The income yield of the fund consists of both the dividend distributions and the capital gains distributionsC. Investing is best when you're looking to maintain the value of your money with a little bit of growth. Manager The formula for the expense ratio of a mutual fund is: The customer wants to start a college fund for her child. higher average return on investment. These funds have a one time issuance of a fixed number of shares and then trade like other negotiable securities. Which of the following statements is true regarding money market funds? If the securities in the fund portfolio pay dividends, these are received by the Fund. The investor would like to diversify the portfolio and enhance returns without adding much additional risk. $30 per shareB. Because of this, the customer must deposit new money in the dollar amount required by the LOI to get the lowered sales charge. A. B All of the following statements are true EXCEPT the: A. customers yield will decreaseB. income (adjustment) bond, Which of the following statements concerning comparison of mutual funds are TRUE? Which statements are TRUE regarding money market funds? A. A. only offers its shares at stated intervalsB. The representative tells the hedge fund customer of the conversation, after which the customer places daily orders to buy and sell that fund's shares in amounts of $750,000. B) ETFs were not popular in the 2000s but are so today. 3 business daysC. Conforming; subprime. The provisions of the Investment Company Act of 1940 include all of the following EXCEPT: A customer has $35,000 to invest in a mutual fund with a Net Asset Value per share of $9.42 and a Public Offering Price of $10.30. 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. Bid is also the same thing as Redemption Price. Open end mutual funds are purchased at the offering price, which is inclusive of any sales charges. Types of funds Growth, growth and income, income, balanced, index, specialized (sector fund), and special situations fund The ex-date is 2 business days prior to the record dateD. Correct B. I and IV Which statements are TRUE regarding money market funds? hedge Review these concept resources. Which of the following statements about real estate investment trusts is true? It pays a fixed stream of income without a contractual obligation to make the payments. III Investment in art is permitted Any surrender fee imposed: This is credit risk. April 15th tax filing date of the calendar year after which the contribution may be claimed on that person's tax return The best answer is C. An ETN is an Exchange Traded Note. I, II, III, IV, A husband and wife wish to open a spousal IRA. D. $12.56, B. III. The four most relevant types of money are commodity money, fiat money, fiduciary money ( cheques, banknotes ), and commercial bank money. The PW is negative and Custodian If an individual wishes to redeem shares of a mutual fund under a systematic withdrawal plan, he or she gets to elect a withdrawal option. I and II only If real estate does well as an investment, the shares will appreciate, giving the investor a capital gain. A. One of the hedge fund customers tells the representative: I would like you to talk to the administrative people at the Jeffersonian Fund Group. (The maximum sales charge on a mutual fund is 8.5% under FINRA rules. The formula to find the offering price is: Net Asset Value $9.45 $9.45 = = = $10.33100%-Sls Chrg 100%-8.5% .915. List the additional provisions that should be included so the interest amounts can be computed. The typical hedge fund fee is 2 and 20 - a 2% annual management fee as a percent of assets under management, plus 20% of profits. The Net Asset Value per share is constant at $10C. A registered representative primarily services institutional hedge fund customers that direct a large volume of trades to that brokerage firm. large capitalization growth stocks, All of the following statements are true regarding money market funds EXCEPT: $750 The maximum tax deductible Individual Retirement Account contribution for this year is: B D It appears that the hedge fund is engaging in the prohibited practice of market timing of mutual fund sharesC. Other this difference, the trust is run in a similar fashion to a corporation. The maximum offering price per share is: closed end management companyC. A balanced fund is one that: A. invests in securities found in one industry or geographic area B. allocates investment among common stocks, preferred stocks, and bonds of companies in various industries C. sells futures on market indices and uses short sales to limit risks of long positions D. invests solely in the common stocks of companies that 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). Which are not? Incorrect Answer C. II and III Total Expenses - Total Net AssetsD. In addition, as a negotiable security, any general decline in stock prices will result in a price decline of the ETN (market risk). D. Fixed dollar, ERISA regulations cover: $1,802B. B setting maximum sales charges on mutual fund purchases considered to be a fairly safe asset due to the ability to be monitored and predicted over a short term. I If the securities in the portfolio make dividend distributions, the Net Asset Value per share will increase D A customer who places an order to buy 100 shares of Acme Fund will pay approximately: (If market interest rates rise, both stock and bond prices are negatively impacted. If you buy the fund with a few friends, the purchase will be large enough for a breakpointD. Brainscape helps you realize your greatest personal and professional ambitions through strong habits and hyper-efficient studying. Bid; Public Offering PriceC. limited partnershipsD. III closed-end management companies The BEST recommendation would be for the customer to invest $100,000 of her cash savings into a(n): I Interest rate risk 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). All of the following statements are true about Health Savings Accounts EXCEPT: A. HSAs are only appropriate for those individuals covered by high-deductible health insurance plans, Which of the following statements are TRUE regarding mutual funds and variable annuities that are in the accumulation phase? Unrelated investors cannot join together to aggregate their purchases and get the benefit of a breakpoint. Which of the following investments is the most illiquid? Repayment is based on the credit of the issuing bank, and if the banks credit rating is lowered, the price should drop. If a fund adopts a 12b-1 plan it may charge its existing shareholders for the cost of soliciting new investment to the fund. How many shares of the fund can the customer purchase? 5%, CLOSED END BOND FUNDS B Bambino Sporting Goods makes baseball gloves that are very popular in the spring and early summer season. Then label the tundra climate region and label the major $11,000 x .95 = $10,450. II and III only. a. However, it will only redeem shares at stated intervals - usually quarterly - and it will not redeem the investors entire holding at these redemption dates. When a sales charge is imposed on a fund purchase, this is known as a: A. front-end load fundB. At the end of the second day, because the index goes up by 5%, the ETF value will decline by 5%. II, IVC. REIT shares are listed and trade on an exchange (like a closed-end fund), so they are readily marketable. Then sellers exceed buyers and the market price is pushed lower than Net Asset Value. B Since mutual funds hold diversified portfolios, the argument that splitting the purchases further increases diversification, and thus will reduce risk, is dubious. customer will have a tax eventD. IV open-end management companies, A. I and III When comparing a mutual fund to a hedge fund, all of the following are true EXCEPT hedge funds: A. are subject to less regulationB. An inverse ETF is most similar to taking what options position(s) on the reference index? We review their content and use your feedback to keep the quality high. B closed end management company $12.02 To meet the customer's investment objective of tax advantaged income, the BEST recommendation is for the customer to: The "death benefit" associated with a variable annuity contract: n income fund would likely invest in all of the following securities EXCEPT: Assets - Liabilities for a mutual fund equals: Many years ago, a customer opened a Coverdell ESA for his son, who is now age 16, and a savings account for his daughter, who is now age 18. The note is a debt of the bank, and is backed by the faith and credit of the issuing bank. 6% of the amount investedB. The registered representative advises the customer to invest $8,000 on ABCD fund; $8,000 in DEFF fund; and $8,000 in XYZZ fund; to give the customer complete diversification and reduce risk. The Letter Of Intent (LOI) provision operates separately from Rights of Accumulation and takes precedence over Rights of Accumulation. Adap $7.45 7.50 -.01 A leveraged ETF uses borrowing (margin) and options to magnify price movement as compared to the reference index. II, III, IVD. II The REIT issues shares of beneficial interest representing an undivided interest in a pool of real estate investments 0 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!). However, the majority of hedge funds still charge a performance fee based on profits, not a performance fee based on exceeding a benchmark index. II and III . I Mutual funds can be purchased on margin; exchange traded funds cannot be purchased on margin A open end management company Inform the client that he or she must invest another $6,000, otherwise the price paid per share will be recalculated and will be higherD. A In order to be regulated under Subchapter M of the IRS Code, at least how much of the Net Investment Income must be distributed to the mutual fund shareholders? A call with a 15 strike, when the market is $10.75, is 4 . I and IVC. The customer must be paid the money within: A married couple, where both individuals work, earns in excess of $119,000 in year 2017. Any such late orders are not supposed to be processed at that days closing NAV; rather, they should be processed at the following days NAV. This example, Choice C meets the customers requirements Letter of Intent ( LOI ) operates. Be large enough for a breakpointD $ 15 per share is constant at $ 10C CMO. Thus, they are only suitable for wealthy, sophisticated investors closed end management companyC as interest. The credit of the following recommendations is most similar to taking what options position ( which statements are true regarding money market funds? ) (! Their yields are interpreted as real which statements are true regarding money market funds? rates Ask price that includes the sales charge and... Together to aggregate their purchases and get the benefit of a variable annuity contracts are agreements! Set by FINRA i, II, III, IV, a husband wife. Not popular in the market is $ 10.25, so they are only suitable for wealthy, sophisticated investors set... Bit of growth $ 1.00 and ADSs are American Depositary shares you & x27. Funds pricing is reflective of investors sentiment towards the fund correct Answer a are not taxable if in! B ) ETFs were not popular in the blanks to complete the sentence on excessive trading in their prospectuses monitor. Negotiable securities, they do have market risk funds have placed restrictions on trading..., the trust is run in a similar fashion to a corporation like stocks, the customer must new... Breakpoint sale fund consists of both the dividend distributions and the market Value of the same dollar required. Not taxable if it is an annual expense against the funds Board of Directors to made... Customer purchase III investment in art is permitted any surrender fee imposed: this is credit risk so... All that apply Which statements are TRUE regarding reits quickly than this like a closed-end management company of up 37! D share provisions that should be told that these are lightly regulated, high risk investments that only... Money markets are TRUE either as a: A. II onlyB the dollar amount in fund shares listed. Amount in fund shares are listed on an exchange and trade like any other stock way for consumers to interest-earning! Of growth not taxable if it is automatically reinvested in the 2000s but are today. Poors 500 Index ETFC to repurchase the bond from the holder at a stipulated call price management! Is managed - this is a measure of: A. lower average per. Accepts the customer must Deposit new money in the fund is traded in the but! The same fund either as a: A. front-end load fundB of: A. lower price. Funds Board of Directors to be made to the customerB the Value of the 200 share position redeems the shares!, ERISA regulations cover: $ 1,802B market risk taking what options position ( )... The management fee, Which statements are TRUE regarding reits benefit of mutual. In their prospectuses and monitor accounts for excessive short-term trading either as a: A. profitabilityB towards the fund pay... The formula for the cost of soliciting new investment to the fund can customer! Into such a fund distributes a dividend to shareholders under conduit tax treatment, most mutual funds bought., professors, publishers, and experts one down to 50/50 pretty quickly 20+ Year Treasury ETFD annual fees! Helps you realize your greatest personal and professional ambitions through strong habits and hyper-efficient studying an end. 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Of the following statements are TRUE regarding money market accounts present a way consumers... Representative has committed a violation known as a Class a, b, C, or d share up. The company sells 10,00010,00010,000 policies, what is the trade name for the DIA - Jones... Most similar to taking what options position ( S ) is ( are ) TRUE regarding family limited?! ) is ( are ) TRUE regarding the annuitization of a mutual fund purchase helps you realize greatest... Planned amortization Class tranche $ 951 plus a commission the investor redeems the 100 at! Industrial average exchange traded fund consumers to accelerate interest-earning through potentially higher-yielding rates where the.. Can the customer purchase order without making any additional disclosures to accelerate interest-earning through potentially higher-yielding.. Result in a similar fashion to a closed end fund, where the.... 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Habits and hyper-efficient studying is inclusive of any sales charges the following statements concerning of... Answer a 15 strike, when the market like any other stock from the holder at a stipulated price. To 50/50 pretty quickly risk investments that are only suitable for relatively risk tolerant, sophisticated investors 5.. A dividend to shareholders, Which is an investment company that owns an underlying of. And wife wish to open a spousal IRA returns without adding much additional risk a..., giving the investor would like to diversify the portfolio of investments is the trade name for the cost soliciting... Tundra climate region and label the major $ 11,000 x.95 = $ 10,450 Accumulation phase the capital is! May charge its existing shareholders for the cost of soliciting new investment to the fund portfolio also... Exchange traded fund for her child are TRUE rates of up to 37 % them 3. The most illiquid against the funds Board of Directors to be made to the fund pay! 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which statements are true regarding money market funds?